TAKE THIS CONSTRUCTION PROJECT OVER FROM WHERE IT STANDS NOW. . . PRICE OF PROJECT THUS FAR IS $375, 000. & ADD APPROX. $250, 000. TO FINISH HOME (Buyers verify all information herein) with a construction loan/cash. Looking for privacy? You have found it here at this picturesque lot off of Seymour St. in Berkley, MA!! Build this beautiful, one level living 3 bedroom (septic design is for 4 bedrooms) manufactured home ranch! Who doesn't want a house that can travel 70 miles per hour down the highway and stand up? Also in progress is a 20' wide gravel drainage trench leading to a retention pond! 500' ARTISAN WELL IS IN PLACE! Approx. $190, 000. has already been invested into this project (tree removal, well, permits, surveying, access road, home plans etc. ). $17, 000. would complete the road drainage and such. 1 Kellan Way is (6. 15 acres) the proposed home site. 3 Kellan Way is not a buildable lot (2. 26 acres), but offers more privacy to this property. Call the list agent today!!
Type | Description | Level |
---|---|---|
Bedroom 2 | Flooring - Wall to Wall Carpet | First |
Bedroom 3 | Flooring - Wall to Wall Carpet | First |
Dining Room | Flooring - Laminate | First |
Kitchen | Flooring - Laminate, Kitchen Island | First |
Living Room | Flooring - Laminate | First |
Master Bedroom | Flooring - Wall to Wall Carpet | First |
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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 | $500,000 | $500,000 | $500,000 |
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 | $0 | $0 | $0 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,327 | $3,323 | $4,217 |
Total Monthly Payment | $3,419 | $3,415 | $4,309 |
* 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.