This charming historic property located at 36 Summer St in Ipswich, MA was built in 1819. 6 bedrooms, 2 full bathrooms, 1 half bathroom, and a total finished area of 2, 500 sq. ft. spanning across 3 stories. First floor, 2 bedrooms, 1 bath, 2nd and 3rd floor 4 bedroom, 1 1/2 bath. 5, 807 sq. ft. lot. Wonderful quiet street located in oldest neighborhood in the country (historic district, 59 pre-1725 homes). Currently registered as 2 apartments, can be easily converted to single family or 2 condos (grandfathered per town regs). Lower Summer Street, beautiful Ipswich River views from back deck. A few hundred yards from village restaurants and commuter rail. Property is also available as two separate condominium units see MLS #'s 73265463 and 73265464
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NMLS Mortgage Loan Originator ID 81725
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $780,000 | $780,000 | $780,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.375% | 6.250% | 5.750% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.850% | 6.360% | 5.930% |
Monthly Tax Payment | $526 | $526 | $526 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $4,368 | $4,803 | $6,477 |
Total Monthly Payment | $4,986 | $5,421 | $7,095 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.