This 4 family property with huge lot for potential redevelopment located West Medford train station offers four well-designed units, all with comfortable layouts and flexibility in reaching the rental market. Unit 1 is a spacious 2-bedroom, 1. 5-bath design, featuring a bright kitchen set off with a stunning skylight with in-unit laundry . Unit 2 is a 1-bedroom, 1-bath unit filled with natural light, while Unit 3 is a cozy studio with its own private balcony. Unit 4 is a well-lit 1-bedroom, 1-bath unit with large windows. The property also boasts a huge backyard perfect for gardening or outdoor activities or potential development, and offers 3 side by side parking plus a separate driveway parking. Located within walking distance of the commuter rail and with easy access to I-93, this home combines excellent transit options with the convenience of nearby parks, restaurants, and amenities, offering the best of Boston urban accessibility and suburban comfort.
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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 | $1,087,920 | $1,087,920 | $1,087,920 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.000% | 5.875% | 5.625% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.963% | 5.983% | 5.805% |
Monthly Tax Payment | $874 | $874 | $874 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $5,840 | $6,435 | $8,962 |
Total Monthly Payment | $6,839 | $7,434 | $9,961 |
* 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.