Presented byJohn Sullivan |
Move-in ready, architect-designed, new construction at 150 Salem Street, Andover! Thoughtfully crafted for sustainability and modern living. Located just 1 mile from Historic Phillips Academy and Bancroft with easy access to Routes 125 and 93, this 5, 100 sq. ft. eco-friendly residence offers a state of the art Mitsubishi heat pump system for efficient heating and cooling, enhanced by ductless units. The gourmet kitchen features a Bosch appliance package, including an induction range. Wrapped in durable James Hardie siding, the home boasts a first-floor primary suite and a nearly identical second-floor main bedroom, each with en-suite baths. The second level also includes two bedrooms with a sitting area, while above the kitchen, there are two more bedrooms and a full bath—ideal for guests, or an in-law/au-pair setup with office space. A three-car garage with 220V electric vehicle plugs and solar capability completes this exceptional property.
Type | Description | Dimensions | Level |
---|---|---|---|
Bedroom 2 | Bathroom - 3/4, Walk-In Closet(s), Flooring - Wood | 19.0 x 25.0 | Second |
Bedroom 3 | Closet, Flooring - Wood | 15.0 x 16.0 | Second |
Bedroom 4 | Closet, Flooring - Wood | 16.0 x 19.0 | Second |
Dining Room | Flooring - Wood | 12.0 x 19.0 | First |
Kitchen | Flooring - Hardwood, Window(s) - Picture, Dining Area, Countertops - Stone/Granite/Solid, Kitchen Island, Cabinets - Upgraded | 16.0 x 17.0 | First |
Master Bedroom | Walk-In Closet(s), Flooring - Hardwood, Cable Hookup, Deck - Exterior | 17.0 x 16.0 | Main,First |
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Our Executive Mortgage Banker:
Our Insurance Division:
$2,175,000
REALTOR
William Raveis Real Estate
Phone: 508.633.0588
John.Sullivan@raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 978.314.1072
Joanne.OKeefe@raveis.com
NMLS Mortgage Loan Originator ID 38342
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $1,740,000 | $1,740,000 | $1,740,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.750% | 6.625% | 6.125% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.004% | 6.738% | 6.307% |
Monthly Tax Payment | $0 | $0 | $0 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $10,154 | $11,141 | $14,801 |
Total Monthly Payment | $10,279 | $11,266 | $14,926 |
* 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.