Welcome to 7 Lane Ave, a beautifully maintained 2-unit multi-family home nestled in a quiet neighborhood on a lovely cul-de-sac street. This peaceful property abuts 5+ acres of town-owned land in the backyard & has been in the same family for 4 generations & is available to the market for the very first time! There are numerous updates (full list attached) including a complete kitchen remodel in the 3-Bedroom Unit, Harvey windows throughout, a welcoming farmers porch, siding, & a newer heating system & roof. The 3-Bedroom Unit kitchen features new flooring, quartz countertops, an abundance of custom red birch cabinets, tile backsplash, pantry, and instant hot waterspout! This kitchen flows nicely into the living and dining areas where you can enjoy direct access to the back deck overlooking the wooded backyard. Downstairs the 1-Bedroom Unit has a kitchen, bedroom, living area and full bath. The private entry is under the back deck. This unit also has a deck with the same wonderful backyard views! The attached 2-car garage for the 3-Bedroom Unit adds storage & convenience in the cold & rain! The large outbuilding has electricity and is perfect for woodworking or storing your lawn & garden tools! Easy access to local schools, shopping, restaurants, beaches, & golf. With its proximity to Portsmouth & major routes, this home provides a tranquil retreat while keeping you well-connected to nearby amenities. Also listed as single family, MLS 5013731. OPEN Sun. 10/6, 10-11: 30am.
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5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $559,200 | $559,200 | $559,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.250% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.655% | 7.146% | 6.276% |
Monthly Tax Payment | $467 | $467 | $467 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,815 | $3,717 | $4,716 |
Total Monthly Payment | $4,374 | $4,276 | $5,275 |
* 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.