Extremely spacious and well-maintained three-family home boasting approximately 4, 977 square feet of living space, located at 31 Choate Street, Fall River, MA. This impressive property features a nice backyard, vinyl siding, and an ample driveway that can easily accommodate 6+ vehicles, plus a garage for added convenience. Each apartment offers hardwood floors, double living rooms, dining rooms, and three bedrooms, providing plenty of space and comfort for tenants or an owner-occupant. The finished basement includes a laundry room and two additional rooms, perfect for storage, an office, or extended living space for the first-floor occupants. The first floor is heated by baseboard heat, while the second and third floors feature efficient space heaters. With classic details, generous layouts, and solid upkeep, this multi-family home is an excellent investment opportunity or a comfortable owner-occupied residence in a convenient Fall River location. Two units have been converted into 4 bedr each
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William Raveis Real Estate
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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 Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
|---|---|---|---|
| Loan Amount | $676,000 | $676,000 | $676,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.000% | 5.750% | 5.500% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.048% | 5.858% | 5.681% |
| Monthly Tax Payment | $652 | $652 | $652 |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $3,629 | $3,945 | $5,523 |
| Total Monthly Payment | $4,373 | $4,689 | $6,267 |
* 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.