Stand alone, direct entry property with parking. Great Newton Centre location (across from City Hall and down the block from the Main Library) zoned for residential use with a special permit for commercial use. Zoned SR2, the new owner has the right to build/expand to a 1,787 SF single family home on this parcel of land (Lot size: 3,885 SF).Currently being used for commercial purposes (beauty spa - personal services), which the City of Newton has approved through its special permit. Tons of possibilities with this Newton Centre property. Commercially, the building is licensed for "any and all personal services" (with 1 1/2 bathrooms and dual hair washing stations) but can also be used as office space for a psychologist, attorney, architect or other small business. Space is in immaculate move in condition including a new HVAC system (2025), new water heater and roof (2022).On premise parking for five vehicles plus tons of free on street parking available.
400 Homer St, Newton, MA, 02459
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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