*No broker fee required. Welcome to your new home in Shawsheen Village, Andover! This updated 1-bedroom, 1-bath unit in the historic Balmoral building offers a perfect blend of modern comfort and historic charm. The open-concept living/dining area, high ceilings, and stainless steel appliances in the kitchen create an inviting space. Heat and hot water included. The large bedroom features ample storage, and the building itself showcases stunning architectural details. Adjacent to the Shawsheen River and recreational fields, this unit provides a scenic backdrop and opportunities for outdoor enjoyment. With deeded parking, visitor parking, common laundry facilities, a smoke-free policy, and pet-friendly options, this unit provides convenience and lifestyle flexibility. Located near downtown Andover, MBTA commuter rail, highways, Whole Foods, and dining, plus a discounted membership to local YMCA.
Type | Description | Level |
---|---|---|
Kitchen | Flooring - Laminate, Breakfast Bar / Nook | Third |
Living Room | Closet, Flooring - Wall to Wall Carpet | Third |
Master Bedroom | Closet, Flooring - Wall to Wall Carpet | Third |
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Our Executive Mortgage Banker:
Our Insurance Division:
$2,250
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 978.314.1072
Joanne.OKeefe@raveis.com
NMLS Mortgage Loan Originator ID 38342
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $1,800 | $1,800 | $1,800 |
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 | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $12 | $12 | $15 |
Total Monthly Payment | $87 | $87 | $90 |
* 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.