20 Pioneer Road, Rye, NH, 03870 | $749,000

Really? A Multi unit in Rye? Get out of town! Build your own Multi unit in Rye. This 3 unit with town approvals (1 two bd, and 2 one bd units) includes a demo permit, septic plan in hand, and building permit submitted to building dept. Be minutes from the beach, or minutes from downtown Portsmouth, or better yet, minutes from any of the major routes, like Rt 1 & 95. No builder tie-in. Take advantage of this owner occupied or investor project. Excellent passive income potential. Buyer to do their own diligence. Existing building will be razed and the septic system, which is shared with the office building next door, will be installed within the month of November. See listing documents for specifics and approvals. Please do not enter existing structure due to safety concerns.

Features

  • Zoning: SRES
  • Frontage: 86
  • Lot Desc: City Lot
  • MLS#: 5018871
  • Website: https://www.raveis.com
    /prop/5018871/20pioneerroad_rye_nh?source=qrflyer
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Listing courtesy of The Aland Realty Group   Phone: 603-501-0463
Listing Agent: Keper Connell

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20 Pioneer Road, Rye, NH, 03870

$749,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

5/6 (30 Yr)
Adjustable Rate Conforming*
30 Year
Fixed-Rate Conforming
15 Year
Fixed-Rate Conforming
Loan Amount $599,200 $599,200 $599,200
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 7.551% 7.159% 6.276%
Monthly Tax Payment N/A N/A N/A
H/O Insurance Payment $92 $92 $92
Initial Principal & Interest Pmt $3,986 $3,982 $5,053
Total Monthly Payment $4,078 $4,074 $5,145

* 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.