5 Preston Pl, Beverly (Beverly Farms), MA, Massachusetts, property flyer

5 Preston Pl, Beverly (Beverly Farms), MA, 01915 | $525,000

Rare opportunity to develop a buildable, 1 acre single family home in highly desirable Beverly Farms. ANR lot on well maintained and established street convenient to highways, town and resident only West Beach. Property qualifies for rights to West Beach. 175 ft of frontage with utilities near by. Preston Place is a dead end street of estate homes. Water at street in front of lot and public sewer accessible on Hart St. Preliminary concept plans available upon request. Less than a mile from all that downtown Beverly Farms has to offer including shops, restaurants and train. Build your dream home on this prime parcel. All permitting and due diligence is responsibility of buyer. This is one of two buildable parcels offered for sale, 7 Preston Place can be sold in conjunction with or separate from #5. Please do not walk land unaccompanied.

Features

Town: Beverly
Zoning: R45

Frontage: 175.00
Lot Desc: Wooded

MLS#: 73448164
Website: https://www.raveis.com
/prop/73448164/5prestonpl_beverly_ma?source=qrflyer

The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein.
Listing by Brenna Mcniff courtesy of Coldwell Banker Realty - Beverly Phone: 978-927-1111

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Kate RockettRVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 1500191

617.281.4872

Kate.Rockett@raveis.com

Our Executive Mortgage Banker:

Is available to meet with you in our office, your home or office, evenings or weekends
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Our Insurance Division:

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5 Preston Pl, Beverly (Beverly Farms), MA, 01915

$525,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Kate Rockett

RVP, Mortgage Banker

William Raveis Mortgage, LLC

Phone: 617.281.4872

Kate.Rockett@raveis.com

NMLS Mortgage Loan Originator ID 1500191

	5/6 (30 Yr) Adjustable Rate Conforming*	30 Year Fixed-Rate Conforming	15 Year Fixed-Rate Conforming
Loan Amount	$420,000	$420,000	$420,000
Term	360 months	360 months	180 months
Initial Interest Rate**	5.500%	5.990%	5.250%
Interest Rate based on Index + Margin	8.125%
Annual Percentage Rate	6.197%	6.156%	5.541%
Monthly Tax Payment	N/A	N/A	N/A
H/O Insurance Payment	$92	$92	$92
Initial Principal & Interest Pmt	$2,385	$2,515	$3,376
Total Monthly Payment	$2,477	$2,607	$3,468

* 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.