69 Arlington Street, Dracut, MA, Massachusetts, property flyer

69 Arlington Street, Dracut, MA, 01826 | $759,000

Visible central location in Dracut town center, with special overlay district allowing for residential and commercial development. These two adjoining parcels total 1. 23 acres. Second adjacent lot is 12 Arlington Avenue. Uses per zoning analysis may include 7, 500 square feet of commercial (office or retail) as well as five (5) connected residential apartments or condominiums. See build out summary, attached, all subject to permitting. The two-story wood frame building currently on the property is unoccupied and sold “as is. ” The property is within the Dracut Center Neighborhood Overlay District. The underlying district is the R-3 residential district. The purpose of the Dracut Center Neighborhood Overlay District (DCNOD) Bylaw is meant to encourage development of mixed development appropriate for a town center.

Features

Amenities: Public Transportation, Shopping
Zoning: R3-DCOD

Lot Desc: Corner Lot
MLS#: 73277268

Website: https://www.raveis.com
/prop/73277268/69arlingtonstreet_dracut_ma?source=qrflyer

The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein.
Listing by Taylor Sands courtesy of The Edge Group, Inc. Phone: 978-458-8822

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Frank KolbSenior Vice President - Coaching & Strategic, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 81725

203.980.8025

Frank.Kolb@raveis.com

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Is available to meet with you in our office, your home or office, evenings or weekends
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69 Arlington Street, Dracut, MA, 01826

$759,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Frank Kolb

Senior Vice President - Coaching & Strategic

William Raveis Mortgage, LLC

Phone: 203.980.8025

Frank.Kolb@raveis.com

NMLS Mortgage Loan Originator ID 81725

	5/6 (30 Yr) Adjustable Rate Conforming*	30 Year Fixed-Rate Conforming	15 Year Fixed-Rate Conforming
Loan Amount	$607,200	$607,200	$607,200
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	N/A	N/A	N/A
H/O Insurance Payment	$92	$92	$92
Initial Principal & Interest Pmt	$4,040	$4,036	$5,121
Total Monthly Payment	$4,132	$4,128	$5,213

* 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.