Welcome to your serene waterfront retreat! This beautifully updated townhouse in Collins Cove overlooks a tranquil inlet off Salem Harbor, offering picturesque views and a sense of calm. Chefs will love the updated Tuscan style kitchen with a mix of warm wood and glass cabinets and spacious dining area for guests or intimate meals. Enjoy sunrises and sunsets from your fire placed living room with sliders to your stunning wrap around deck. This home features a rare first-floor primary suite for easy living. Guests will enjoy two good sized bedrooms and a shared tiled bathroom. Access to your private beach and clubhouse are an entertainer's dream. Tucked away for peace and privacy, yet just moments from the lively atmosphere of Salem Willows and the charm of historic downtown Salem, this home offers the perfect blend of relaxation and convenience. Embrace a lifestyle where every day feels special in this exceptional property.
Type | Description | Level |
---|---|---|
Bedroom 2 | Bathroom - Full, Closet, Flooring - Laminate | Second |
Bedroom 3 | Bathroom - Full, Closet, Flooring - Laminate | Second |
Dining Room | Flooring - Marble, Window(s) - Bay/Bow/Box | First |
Kitchen | Flooring - Marble, Countertops - Stone/Granite/Solid, Cabinets - Upgraded, Recessed Lighting, Stainless Steel Appliances, Gas Stove | First |
Living Room | Flooring - Hardwood, Deck - Exterior, Recessed Lighting | First |
Master Bedroom | Bathroom - Full, Closet, Closet/Cabinets - Custom Built, Flooring - Hardwood, Balcony - Exterior, Exterior Access, Recessed Lighting | Main,First |
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William Raveis Mortgage, LLC
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NMLS Mortgage Loan Originator ID 81725
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $679,200 | $679,200 | $679,200 |
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 | $695 | $695 | $695 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,856 | $4,182 | $5,640 |
Total Monthly Payment | $4,643 | $4,969 | $6,427 |
* 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.