Property with existing vacant building located at 3 - 5 Park Street is being offered with the attached schematic design for a 12 unit development with a boutique storefront and limited ground level parking, Special permit approved for off street parking. This opportunity to develop and contribute to meaningful growth in the Ayer downtown area. This is the first project approved under the Form Based Code framework and is a meaningful step forward for the Town of Ayer's vision for smart growth. The project balances municipal goals, neighborhood considerations, site constraints, and development practicality, all while successfully advancing under bylaws that had existed but had not yet produced an approved project of this kind. Designed to align with the intent of the zoning overlay, the building emphasizes an active street presence, efficient residential density, and architecture scaled to the surrounding context. Ground-level frontage, clear pedestrian access, and integrated parking.
3 - 5 Park St, Ayer, MA, 01432
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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