This pet friendly condominium is within a half mile of the MBTA train station so you can live in and have access to everything Gloucester has to offer with commuter rail nearby. This unit has one bedroom and a bonus room to use as an office or furnish it with a futon and have room for a visitor. Because this is an end unit, there are extra windows. The laundry is within the unit giving a busy homeowner great flexibility. See video at You Tube. Grocery shopping is nearby and everything going on year round in Gloucester isn't far away. Sale of the unit is contingent on the Seller closing on a property which is identified and under contract. Closing date of December 5, 2024 preferred. Come visit at the Open Houses on Friday, Friday October 18 from 4-5: 30 and Saturday October 19 from 11 - 12: 30. Offers due by Tuesday, October 22, 2024 - give 48 hours for response
Type | Description | Level |
---|---|---|
Kitchen | Flooring - Hardwood | Second |
Living Room | Flooring - Hardwood | Second |
Master Bedroom | Closet, Flooring - Wall to Wall Carpet | Second |
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William Raveis Real Estate
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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 | $238,400 | $238,400 | $238,400 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.250% | 6.625% | 5.750% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.775% | 6.790% | 6.034% |
Monthly Tax Payment | $195 | $195 | $195 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,626 | $1,527 | $1,980 |
Total Monthly Payment | $1,896 | $1,797 | $2,250 |
* 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.