Welcome to "Serenity" with this Essex Village waterfront home. Privately situated directly west of an 8 acre parcel owned by the Essex Land Trust. Whether building as a second home or a primary residence, this "to be built" Modern Colonial will not disappoint. Full of natural light, every room and every space will be designed with purpose and intentional detail. Designed for everyday use with the added luxury of pleasure. The garage was designed with a two-story bay to accommodate a car lift as well as the ability to raise the ceilings in the other two bays to accommodate 6 cars with lifts. The water views leading out to North Cove in Essex will be sure to impress. Quality, style and energy efficiency make this home one of a kind. Not only views, but direct waterfront access and a dock. Essex is a one of a kind historic town with its Main street full of quaint shops, marinas and an overall beautiful village located midway between Boston and NYC. This proposed build can be modified to suit your needs with our Local Custom Home Builder. We are ready to design and build!
Type | Level |
---|---|
Bedroom 1 | Upper |
Bedroom 2 | Upper |
Bedroom 3 | Upper |
Living Room | Main |
Primary BR Suite | Main |
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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 | $2,960,000 | $2,960,000 | $2,960,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.500% | 6.375% | 5.875% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.821% | 6.474% | 6.036% |
Monthly Tax Payment | $1,413 | $1,413 | $1,413 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $16,807 | $18,467 | $24,779 |
Total Monthly Payment | $18,345 | $20,005 | $26,317 |
* 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.