Beverly Farms! First time offered for sale! This stately 10-room Colonial has been cherished by a single multi-generational family since it was built for them in 1931. Designed and built as a single family home, modifications were made over the years to accommodate the growing family and it is now classified as a two-family. Potential to return to a single family home if desired. Gleaming hardwood floors throughout. Spacious fenced yard with two decks perfect for outdoor entertaining. Gardeners will love the ideally suited backyard. Located on a lovely tree-lined side street and moments away from the village center with its pretty shops, restaurants, commuter rail and beautiful West Beach. This home is not to be missed whether you are looking for a two-family investment or thinking of converting to a single family residence. Showings begin at the Open Houses this Saturday, September 21 from 1-3pm and Sunday, September 22nd from 12-2pm. Offers due by Tuesday, September 24 at 5pm.
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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 | $751,200 | $751,200 | $751,200 |
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 | $740 | $740 | $740 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $4,033 | $4,444 | $6,188 |
Total Monthly Payment | $4,865 | $5,276 | $7,020 |
* 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.