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Exceptional opportunity to own a brand-new custom home on 5 private acres in Salem. This 3, 300 sq ft residence offers 4 bedrooms, 2. 5 baths, and a 3-car garage with premium craftsmanship throughout. Designed with luxury living in mind, the home features an open-concept floor plan, a gourmet kitchen with high-end finishes, a spacious great room with a fireplace, and a private primary suite with a spa-inspired bath. Large windows and quality materials create a bright, elegant interior with seamless flow. Build with our featured plan, choose from several other designs, or bring your own. Our experienced builders will work with you to create the home of your dreams-tailored to your preferences and lifestyle. Situated on a quiet, 5-acre lot offering privacy and scenic surroundings, yet convenient to local amenities, shoreline towns, and major routes.
| Type | Dimensions | Level |
|---|---|---|
| Bedroom 1 | Upper | |
| Bedroom 2 | Upper | |
| Bedroom 3 | Upper | |
| Living Room | 20.0 x 20.0 | Lower |
| Primary Bedroom | Upper |
Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
Our family of companies offer our clients a new level of full-service real estate. We shall:
To learn more about our credentials, visit raveis.com today.
Our Executive Mortgage Banker:
Our Insurance Division:
For homebuyers and sellers, our Attorney Network:
$1,199,000
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
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5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
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|---|---|---|---|
| Loan Amount | $959,200 | $959,200 | $959,200 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.250% | 6.000% | 5.875% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.294% | 6.133% | 6.058% |
| Monthly Tax Payment | $129 | $129 | $129 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $5,297 | $5,751 | $8,030 |
| Total Monthly Payment | $5,551 | $6,005 | $8,284 |
* 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.