This unique 1920's home, nestled in the village of Magnolia and located between the town of Manchester by-the-Sea and the ocean views of Gloucester's Stacey Blvd has been fully renovated and this gleaming 3 bedroom, 2 full bath home offers many amenities including a 2 car garage with finished heated space above, perfect for a home office. The expansive kitchen and dining area with a grand center island are perfect for home entertaining. There is also a screened in porch for those warm summer days. A living room, bedroom, full bath and laundry room complete the first floor. Looking for a large space to watch movies, play games or just be creative? Then this home's Bonus Room on the second floor is certain to impress. A new state of the art 4 bedroom Singulair treatment tank septic system with and new Renai high efficiency heating and hot water system and the Seller's purchased of an additional lot to the existing lot expands the backyard for additional entertaining space.
Type | Description | Dimensions | Level |
---|---|---|---|
Bedroom 2 | Closet, Flooring - Hardwood, Window(s) - Bay/Bow/Box, Recessed Lighting, Remodeled | 14.0 x 15.0 | Second |
Bedroom 3 | Closet, Flooring - Wood, Window(s) - Bay/Bow/Box, Remodeled, Lighting - Overhead | 12.0 x 12.0 | Second |
Dining Room | Flooring - Hardwood, Window(s) - Bay/Bow/Box, Exterior Access, Remodeled, Lighting - Overhead | 16.0 x 16.0 | Main,First |
Kitchen | Flooring - Hardwood, Window(s) - Bay/Bow/Box, Dining Area, Kitchen Island, Cabinets - Upgraded, Exterior Access, Recessed Lighting, Remodeled, Lighting - Pendant | 14.0 x 16.0 | Main,First |
Living Room | Flooring - Hardwood, Window(s) - Bay/Bow/Box, Remodeled, Lighting - Overhead | 13.0 x 18.0 | Main,First |
Master Bedroom | Closet, Flooring - Hardwood, Window(s) - Bay/Bow/Box, Chair Rail, Recessed Lighting, Remodeled, Crown Molding | 12.0 x 18.0 | Main,First |
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5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $678,400 | $678,400 | $678,400 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.500% | 6.375% | 5.875% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.821% | 6.474% | 6.036% |
Monthly Tax Payment | $638 | $638 | $638 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,852 | $4,232 | $5,679 |
Total Monthly Payment | $4,582 | $4,962 | $6,409 |
* 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.