111 Foster St, #309, Peabody, MA, 01960 | $259,000

Why rent when you can own! Start building equity in vibrant Peabody, just minutes from historic Salem & all that the coveted North Shore has to offer. Enjoy the benefit of attractive utility rates & low taxes in this centrally-located community near major routes, restaurants & shopping. This spacious and well-maintained one-bedroom unit in Tannery Gardens offers a warm & inviting oversized living/dining area that flows seamlessly into the kitchen, featuring young appliances, ample cabinets & counter space. This unit is comfortable enough to entertain & then unwind in the large bedroom with a generous closet. Sunlight fills this charming home, which also includes a newer HW tank (2019), wall AC (2023), updated wood laminate flooring (2017) & plenty of storage. An elevator building, 1 parking space, guest parking & the option to rent an additional space all add to the appeal of this condo. Don’t miss this fantastic opportunity!

Features

  • Parking: 1-car, Under, Carport, Off Street, Common, Guest, Available for Purchase
  • Heating: Electric Baseboard
  • Cooling: Window Unit(s)
  • Levels: 1
  • Amenities: Public Transportation, Shopping, Park, Walk/Jog Trails, Golf, Medical Facility, Laundromat, Bike Path, Highway Access, House of Worship, Public School
  • Rooms: 3
  • Bedrooms: 1
  • Baths: 1 full
  • Laundry: Off-Site
  • Complex: Tannery Gardens
  • Year Built: 1988
  • Common Charge: $376 Monthly
  • Approx Sq. Feet: 692
  • Est. Taxes: $1,925
  • Middle School: Higgins
  • High School: Pvmhs
  • Pet Policy: Yes w/ Restrictions
  • Appliances: Range, Disposal, Refrigerator, Range Hood
  • MLS#: 73307644
  • Days on Market: 22 days
  • Buyer Broker Compensation: 2.00%
  • Website: https://www.raveis.com
    /raveis/73307644/111fosterst_peabody_ma?source=qrflyer
The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein.

Room Information

Type DescriptionDimensionsLevel
Kitchen Flooring - Laminate9.0 x 11.0First
Living Room Flooring - Vinyl, Flooring - Wood12.0 x 20.0First
Master Bedroom Flooring - Laminate, Flooring - Wood15.0 x 10.0First

William Raveis Family of Services

Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.

Sabrina Carr - Sabrina Carr GroupLuxury Properties Specialist

781.775.2895

Sabrina.Carr@raveis.com

Our family of companies offer our clients a new level of full-service real estate. We shall:

  • Market your home to realize a quick sale at the best possible price
  • Place up to 20+ photos of your home on our website, raveis.com, which receives over 1 billion hits per year
  • Provide frequent communication and tracking reports showing the Internet views your home received on raveis.com
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To learn more about our credentials, visit raveis.com today.

Joanne O'KeefeVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 38342

978.314.1072

Joanne.OKeefe@raveis.com

Our Executive Mortgage Banker:

  • Is available to meet with you in our office, your home or office, evenings or weekends
  • Offers you pre-approval in minutes!
  • Provides a guaranteed closing date that meets your needs
  • Has access to hundreds of loan programs, all at competitive rates
  • Is in constant contact with a full processing, underwriting, and closing staff to ensure an efficient transaction

Paul BerriosRegional SVP, Insurance Sales Producer, William Raveis Insurance

978-337-3053

Paul.Berrios@raveis.com

Our Insurance Division:

  • Will Provide a home insurance quote within 24 hours
  • Offers full-service coverage such as Homeowner's, Auto, Life, Renter's, Flood and Valuable Items
  • Partners with major insurance companies including Chubb, Kemper Unitrin, The Hartford, Progressive,
    Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable

111 Foster St, #309, Peabody, MA, 01960

$259,000

Sabrina Carr - Sabrina Carr Group

Luxury Properties Specialist

William Raveis Real Estate

Phone: 781.775.2895

Sabrina.Carr@raveis.com

Joanne O'Keefe

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 Conforming*
30 Year
Fixed-Rate Conforming
15 Year
Fixed-Rate Conforming
Loan Amount $207,200 $207,200 $207,200
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 7.477% 7.159% 6.296%
Monthly Tax Payment $160 $160 $160
H/O Insurance Payment $75 $75 $75
Initial Principal & Interest Pmt $1,379 $1,377 $1,747
Total Monthly Payment $1,614 $1,612 $1,982

* 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.