Once in a lifetime opportunity to own oceanfront property on Lothrop Street along Beverly’s desirable waterfront with unobstructed views of the ocean from Dane Street Beach & Lyons Park to Bakers Island, Marblehead Neck and Salem. This c1863 waterfront Victorian has five bedrooms, three and one-half bathrooms in 5, 000 square feet of living area with priceless old-world craftsmanship including 12-foot ceilings, hardwood floors, marble fireplaces, floor to ceiling windows and more. Create your dream home with this flexible floor plan and impeccable views of the ocean from almost every room in the house. Relax and enjoy beautiful sunrises overlooking Beverly Harbor from your oceanfront deck with single car garage on lower level. This home has easy access to commuter routes and Beverly amenities, including just a 14-minute drive from Beverly Airport, which accommodates private jet service. Ready for the next owner to renovate and create this their own coastal dream home.
Type | Level |
---|---|
Bedroom 2 | Second |
Bedroom 3 | Second |
Bedroom 4 | Second |
Dining Room | First |
Kitchen | First |
Living Room | First |
Master Bedroom | Second |
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$2,695,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
Senior Vice President - Coaching & Strategic
William Raveis Mortgage, LLC
Phone: 203.980.8025
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 | $2,156,000 | $2,156,000 | $2,156,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.000% | 6.750% | 6.500% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.377% | 6.851% | 6.664% |
Monthly Tax Payment | $1,913 | $1,913 | $1,913 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $12,926 | $13,984 | $18,781 |
Total Monthly Payment | $14,964 | $16,022 | $20,819 |
* 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.