For the first time in 50 years, the iconic “Alfalfa Farm” in Topsfield is offered for sale. Over multiple generations Alfalfa Farm has been operated as a dairy, a horse farm and, for the past 29 years, a successful and award winning winery, tasting room and event venue with bath. Opportunities abound for farm use, equestrian facility, winery or redevelopment. Offered as one 9. 14 acre parcel now, the property has potential for ANR division into 4 lots. The property includes the main house with 6 bedrooms and 3 bathrooms, currently configured as 3 rental units. The main barn is architecturally striking and has 9 stalls, work areas and hay loft. The winery has a large tasting room and adjacent outdoor spaces and wine production area. Parking areas estimated for both residential and winery areas. The winery business and related equipment is negotiable for sale with the real estate. Alfalfa Farm offers excellent frontage and easy access to transportation, Boston and Logan Airport.
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William Raveis Mortgage, LLC
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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 | $1,596,000 | $1,596,000 | $1,596,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.625% | 6.375% | 6.125% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.229% | 6.486% | 6.307% |
Monthly Tax Payment | $1,074 | $1,074 | $1,074 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $9,187 | $9,957 | $13,576 |
Total Monthly Payment | $10,386 | $11,156 | $14,775 |
* 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.