OPEN HOUSE SUNDAY, July 28th, from 11: 00 AM to 1 PM! Now's your chance! Walk to EVERYTHING downtown Peterborough from this two family home! The front unit has wood floors throughout and three bedrooms and two baths. The eat in kitchen features a beautiful hearth and fireplace and vintage metal cabinets that have withstood the test of time. There are full baths on both the first and second floors and first floor laundry as well. The smaller unit has one bedroom and a full bath on the second floor, and there is laundry in that unit as well! Over the years income has been reinvested in the property, and the heating unit in the larger unit was new in 2014. The electrical system has been updated, the attic insulated, the driveway paved, garage door was replaced in 2018, one of the hot water heaters was replaced in 2022, price reflects work that has been done but also work that is still needed - largely cosmetic! There is also a shed and detached one car garage, and lovely perennials! This is a nice opportunity for someone looking for a family home with rental income. The building is currently vacant and the owners are licensed real estate agents. Quick closing possible.
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5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $268,000 | $268,000 | $268,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.477% | 7.159% | 6.296% |
Monthly Tax Payment | $500 | $500 | $500 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,783 | $1,781 | $2,260 |
Total Monthly Payment | $2,358 | $2,356 | $2,835 |
* 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.