Nestled on 1304 NE Main Street, this property offers endless possibilities, free from HOA constraints, allowing you to envision your ideal space. With potential for rezoning amid ongoing development, the . 80-acre plot presents an opportunity for growth and innovation. Additionally, the adjacent 1. 46-acre property and the 3-acre plot across the street are also available for purchase, providing further potential for expansion. The 1970s-built structure combines nostalgia with modern updates, offering versatility for residential, commercial, or mixed-use purposes. Currently serving as a dual-purpose space, it provides a reliable source of income. Hardwood flooring and newer windows add character to the spacious living areas, including a large living room, dining room, and open kitchen. Three bedrooms and two bathrooms complete the layout. With sewer and public water services and convenient utility connections, this property is primed for transformation. Discover the charm and potential of 1304 NE Main Street, where classic meets contemporary for your vision of home or business endeavors in an evolving location ripe with promise.
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William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 401.474.4879
Whitney.Rugg@raveis.com
NMLS Mortgage Loan Originator ID 7654
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $440,000 | $440,000 | $440,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.990% | 6.250% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.477% | 7.159% | 6.498% |
Monthly Tax Payment | $84 | $84 | $84 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $2,927 | $2,924 | $3,773 |
Total Monthly Payment | $3,103 | $3,100 | $3,949 |
* 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.