Welcome to this bright and spacious top-floor 2-bedroom condo, perfectly situated between historic Chestnut St. and downtown Salem. With nearly 1400 square feet of living space, this light filled, updated unit offers plenty of space to enjoy. You’ll find original hardwood flooring throughout, ample closet space, two inviting living areas, and a large eat-in kitchen with updated cabinets and stainless steel appliances. Each generous bedroom features a walk-in closet that can double as a small office, plus an additional closet for extra storage. The in-unit laundry is conveniently located in the roomy full bathroom. Enjoy the benefits of a new gas heating system, shared outdoor space, and plenty of additional storage available in the walk-out basement. Pet-friendly, low condo fees, and plenty of on street permit parking right outside your door makes this home ideal for those seeking both comfort and convenience. This is your chance to live in the heart of Salem and all it has to offer!
Type | Description | Dimensions | Level |
---|---|---|---|
Bedroom 2 | Walk-In Closet(s), Closet, Flooring - Hardwood | 14.0 x 11.0 | Third |
Dining Room | Flooring - Hardwood, Exterior Access, Open Floorplan | 11.0 x 16.0 | Third |
Kitchen | Flooring - Hardwood, Dining Area, Stainless Steel Appliances, Gas Stove | 8.0 x 12.0 | Third |
Living Room | Flooring - Hardwood, Open Floorplan, Lighting - Overhead | 14.0 x 14.0 | Third |
Master Bedroom | Walk-In Closet(s), Closet, Flooring - Hardwood | 11.0 x 15.5 | Third |
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$469,000
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 Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $375,200 | $375,200 | $375,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.477% | 7.159% | 6.296% |
Monthly Tax Payment | $429 | $429 | $429 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $2,496 | $2,494 | $3,164 |
Total Monthly Payment | $3,000 | $2,998 | $3,668 |
* 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. The Total Monthly Payment does not include the estimated HOA/Common Charge payment.