**LISTING UPDATED** OFFER DEADLINE MONDAY 11/18 AT 8pm. Check out this incredible opportunity in Cambridge's Strawberry Hill section!! This large two family is tucked comfortably in a residential neighborhood. On the Belmont line, this is an impressive multi-family home with gross living area of approximately 3, 094 square feet. First time for sale in over 50 years, don't miss your chance to own this one. Each apartment enjoys a private rear deck where residents may enjoy the outdoors from the comfort of their own space. This location is absolutely perfect! 11 - 13 Edward T Sullivan Road boasts a location that renters or owners will enjoy, near Fresh Pond Reservation, Kingsley Park, Fresh Pond Golf Course, Charles River and 1. 9 miles to Harvard Square. This Multi-Family home is a wonderful investment opportunity for buyers looking to break into the Cambridge market. This property also has potential for renovation, making the home a candidate for a single family or condo conversion.
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$1,600,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
Senior Vice President - Coaching & Strategic
William Raveis Mortgage, LLC
Phone: 203.980.8025
Frank.Kolb@raveis.com
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 | $1,280,000 | $1,280,000 | $1,280,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.375% | 6.125% | 5.625% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.769% | 6.270% | 5.864% |
Monthly Tax Payment | $880 | $880 | $880 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $7,168 | $7,777 | $10,544 |
Total Monthly Payment | $8,173 | $8,782 | $11,549 |
* 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.