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Located at 375 East Merrimack St U: 1, in the vibrant city of Lowell, Massachusetts, this residential property offers a unique opportunity to establish roots in a thriving community. This home presents an exciting canvas for personalization and transformation. Within this residence, discover two bedrooms designed to provide peaceful retreats. The full bathroom offers a private space for relaxation and rejuvenation. The living area, encompassing 1000 square feet, provides ample room for comfortable living and creative expression. Situated on a generous 7000 square foot lot, the property provides a wonderful outdoor space, offering an opportunity to craft your own private oasis. Built in 1960 and located on the first floor, this residence presents an appealing option for those seeking single-level living. This Lowell property, with its established charm and promising potential, eagerly awaits its next chapter.
| Type | Level |
|---|---|
| Bedroom 2 | First |
| Kitchen | First |
| Living Room | First |
| Master Bedroom | First |
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William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
RVP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 617.281.4872
Kate.Rockett@raveis.com
NMLS Mortgage Loan Originator ID 1500191
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5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
|---|---|---|---|
| Loan Amount | $1,760 | $1,760 | $1,760 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.250% | 6.000% | 5.250% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.112% | 6.178% | 5.541% |
| Monthly Tax Payment | N/A | N/A | N/A |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $10 | $11 | $14 |
| Total Monthly Payment | $85 | $86 | $89 |
* 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.