A rare opportunity to purchase an upper floor studio residence at Raffles Boston that lives like a 1-bedroom unit, with its bedroom separated from the living area by pocket doors. This unit type sold out over a year before the building opened. Facing northwest, enjoying sunsets and unobstructed views of the Charles River, this home is on the most desirable and fastest selling side of the building, with parking and storage . The first in North America for world-renowned five-star Raffles Hotels, Raffles Boston is Boston's most amenitized building. 5 food & beverage outlets include Amar by Michelin-starred George Mendes, La Padrona by James Beard winner Jody Adams, the stunning Raffles Long Bar, the Blind Duck speakeasy, and Café Pastel patisserie; multiple intimate gathering spaces including the signature Writers Lounge, Residents’ Library, Sports Lounge, Secret Garden Tea Room, Tasting Kitchen & Lounge; world-renowned Guerlain Spa, oversized fitness area, 20-meter pool, indoor dog run.
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Our Executive Mortgage Banker:
Our Insurance Division:
$1,989,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
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 Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $1,591,200 | $1,591,200 | $1,591,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.375% | 6.125% | 5.625% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.987% | 6.234% | 5.805% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $8,910 | $9,668 | $13,107 |
Total Monthly Payment | $9,035 | $9,793 | $13,232 |
* 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. The Total Monthly Payment does not include the estimated HOA/Common Charge payment.