*UPDATE AS OF SAT 4/11/26 - OFFER DEADLINE IS TUES 4/14/26 @ 3PM* Rare opportunity to build a dream home in the established and beloved North Fields neighborhood of North Salem. This cleared corner lot, which previously contained a single-family home, offers a unique chance to create a custom residence in a location where opportunities like this are seldom available. Detached two-car garage remains on the lot. Property may allow for reconstruction on the existing footprint per City of Salem zoning ordinances. Conveniently located near the Bates School, two playgrounds, Commuter rail access, downtown Salem, dining & shopping. Bring your vision and make this property your own!
35 Felt St, Salem, MA, 01970
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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