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Investment Opportunity! 1st and 2nd floor are rented with long term tenants. 3rd floor is vacant and will need to be turned over by the next buyer. SHARED DRIVEWAY between 3 adjoining property owners. Being sold as-is. Situated in the heart of Bristol, just minutes from local amenities and easy access to major highways, offering both convenience and potential for rent increases. PLEASE REVIEW PUBLIC REMARKS. PLEASE READ BEFORE SHOWING / TOURING OR SUBMITTING ANY OFFERS--- An engineer has filed an application to begin culvert repairs for the property. Culvert repair typically involves replacing or reinforcing the underground drainage pipe, stabilizing the surrounding soil, and restoring the driveway surface above it. The estimated cost of this work is $50, 000 (buyer to do their own DD with their agent to verify any costs) This cost is to be shared equally among the three adjoining property owners (211, 213, and 215 Park Street). This is not in writing, and the seller makes no promises that this will be a shared expense with any of the owners. The new buyer would need to assume full responsibility for the cost of this culvert if any of the others decide not to contribute. There will be an open permit at the time of title transfer for all properties that are directly affected by the culvert which includes 211 Park. Current owner will not close any permits or contribute to any costs prior to closing. Driveway issues have already been reflected in the listing price. No negotiations - this property is being sold strictly as-is, where-is. Buyer to perform their own due diligence. Note: 211 Park Street and 215 Park Street are currently for sale as separate parcels, but they can be purchased simultaneously.
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William Raveis Real Estate
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William Raveis Mortgage, LLC
Phone: 203.980.8025
Frank.Kolb@raveis.com
NMLS Mortgage Loan Originator ID 81725
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5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
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|---|---|---|---|
| Loan Amount | $208,000 | $208,000 | $208,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.750% | 6.125% | 5.375% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.521% | 6.304% | 5.648% |
| Monthly Tax Payment | $449 | $449 | $449 |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $1,214 | $1,264 | $1,686 |
| Total Monthly Payment | $1,738 | $1,788 | $2,210 |
* 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.