Presented bySean K Connelly |
Introducing a desirable Oceanview condo in the sought-after Diamond District, just half a block from Nahant Beach and the scenic Lynn Shore Drive promenade. This bright and spacious second-floor unit has over 700 sqft of living space. The open floor plan is flooded with natural light, leading to a private balcony where you can enjoy cool ocean breezes. The large bedroom features oversized closets, providing plenty of storage space. Set in a well-maintained brick building, residents also enjoy the convenience of a laundry room in the basement. Heat and hot water are included in the condo fee. Perfectly located just 12 miles from Logan Airport and minutes from downtown Lynn’s vibrant art and cultural district, the commuter rail, and a variety of exciting new restaurants. This is coastal living at its finest! Not FHA approved
Type | Description | Dimensions | Level |
---|---|---|---|
Kitchen | 7.0 x 13.0 | Second | |
Living Room | Flooring - Wall to Wall Carpet, Balcony - Exterior, Cable Hookup, Slider | 16.0 x 12.0 | Second |
Master Bedroom | Closet, Flooring - Wall to Wall Carpet | 15.0 x 12.0 | Second |
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Our Executive Mortgage Banker:
Our Insurance Division:
$275,000
Sales Associate
William Raveis Real Estate
Phone: 781.910.6261
Sean.Connelly@raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 617.281.4872
Kate.Rockett@raveis.com
NMLS Mortgage Loan Originator ID 1500191
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $220,000 | $220,000 | $220,000 |
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 | $225 | $225 | $225 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,464 | $1,462 | $1,886 |
Total Monthly Payment | $1,764 | $1,762 | $2,186 |
* 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.