Unique opportunity! Multi-use commercial/residential building in the heart of Kensington. (1) residential 3 bedroom, 1. 5 baths, 2200 sq ft. apartment on the 2nd level, completely remodeled in 2015 with separate utilities. (3) commercial units on the first floor, (1) former pizza/sub shop with separate electric, some plumbing and pizza equipment still in place. (2) former convenience store with vaulted ceilings would make a great flower shop. (3) formerly Country Brook Cafe' with 64 seats, still setup will 2 walk-in cooler, exhaust hood, refrigeration units, bench's, counter bar, dishes, glasses almost all you will need to reopen with town and State approvals/licenses. The section on the right was built in 1993 and then renovated in 2015, 2017, 2019, All new cedar siding, windows, roof, flooring, 2 new heating systems, central air for restaurant, parking lot lights, covered farmers porch, electrical updates, bathrooms, and continually was professional decorated, barn doors, over head lighting, custom bar. The left section has new architectural roof shingles and basement cleaned out, unbelievable potential, built in the mid 60's with vaulted ceilings constructed of 2x6 planking, definitely worth the time to bring back to it's original state. The parking lot is paved and the surroundings nicely landscaped, a small manmade pond in the backyard that Mill Brook runs through. Fantastic location South of Philips Exeter Academy, an North of Amesbury, Mass.
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5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $760,000 | $760,000 | $760,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.500% | 6.250% | 5.750% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.821% | 6.396% | 5.990% |
Monthly Tax Payment | $1,363 | $1,363 | $1,363 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $4,315 | $4,679 | $6,311 |
Total Monthly Payment | $5,770 | $6,134 | $7,766 |
* 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.