Rare opportunity to develop a buildable, 1 acre single family home in highly desirable Beverly Farms. ANR lot on well maintained and established street convenient to highways, town and resident only West Beach. Property qualifies for rights to West Beach. 175 ft of frontage with utilities near by. Preston Place is a dead end street of estate homes. Water at street in front of lot and public sewer accessible on Hart St. Preliminary concept plans available upon request. Less than a mile from all that downtown Beverly Farms has to offer including shops, restaurants and train. Build your dream home on this prime parcel. All permitting and due diligence is responsibility of buyer. This is one of two buildable parcels offered for sale, 7 Preston Place can be sold in conjunction with or separate from #5. Please do not walk land unaccompanied.
5 Preston Pl, Beverly, (Beverly Farms), MA, 01915
The rates and annual percentage rate (APR) displayed are based upon the following assumptions: a 20% down payment (e.g. $20,000 down on a $100,000 purchase price), conforming loan amount, $1,950 in finance charges, 30 days prepaid interest, 1 point, 30 day rate lock. The rates and annual percentage rate (APR) will vary depending upon the actual down payment percentages, points and fees for your transaction. Rates and the margin for adjustable rate mortgages [if applicable] are subject to change without prior notice and may vary with your unique credit history, and terms of your loan. The rates displayed vary by property state, may change or not be available at commitment or closing or may be subject to product restrictions.
The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first five years (for a 5/6 ARM) or seven years (for a 7/6 ARM) 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.
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