Welcome to the desirable Kensington Place, an active 55+ community where comfort and convenience meet! This lovely one-bedroom unit offers 773 sqft of single-level living at its finest. The spacious bedroom includes a walk-in closet, while the kitchen boasts quartz countertops, new appliances, a new sink, updated plumbing, and plenty of cabinet space, all flowing into the open-concept living and dining areas. The bathroom has been upgraded with a new sink, faucet, plumbing, and a step-in cutout shower for easy access. You'll also enjoy the convenience of an in-unit stackable washer and dryer and newly installed ceiling fans. This unit features a utility room with an installed programmable thermostat, on demand Rannai hot water heater and a private balcony with peaceful views. A locked storage room is conveniently located in the heated garage, just to the right of the elevator. The building offers secure entry and elevator access. Community amenities include an in-ground pool, a clubhouse with a kitchen, an exercise room, and beautifully landscaped well maintained grounds with a grilling area near the pool. There's plenty of guest parking, and the location is ideal—just minutes from Tuscan Village, shopping, highways, and all that Salem has to offer! Don't hesitate schedule your private tour today. . .
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5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $264,000 | $264,000 | $264,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.990% | 6.250% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.477% | 7.159% | 6.498% |
Monthly Tax Payment | $342 | $342 | $342 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,756 | $1,755 | $2,264 |
Total Monthly Payment | $2,173 | $2,172 | $2,681 |
* 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.