Excellent opportunity to build some equity and re-vamp one of the nicest 2 family homes in town. Property needs work but would make an excellent home for owner occupant or take advantage of the booming rental market. Property overall needs cosmetic work as well as updating heating system(s) and bathrooms. Unit A has 2 full bathrooms, a large eat in kitchen with pantry and mudroom and a huge open living room with hardwood flooring throughout. 3 large bedrooms with a potential fourth which would also make a great home office with a separate staircase. Second unit has large eat in kitchen and living room with a pantry, a full bath and also 4 huge bedrooms on the second floor. Home is situated on a corner lot with some privacy and a nice back yard. Across the street is a beautiful common. You're within 5 minutes of Rt. 122 for an easy commute . Property has municipal water and sewer, separately metered electricity and a newer roof. A new owner and a new vision is what this property needs!
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NMLS Mortgage Loan Originator ID 81725
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $235,920 | $235,920 | $235,920 |
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 | $267 | $267 | $267 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,609 | $1,568 | $1,990 |
Total Monthly Payment | $1,951 | $1,910 | $2,332 |
* 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.