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Designated OPPORTUNITY ZONE could provide tremendous "Capital Gains Tax" exclusion to the BUYER of this multi-use HIGH PROFILE building located in a CN Com. Neighborhood Zone with frontage on 2 streets (a corner lot) between 2 major intersections close to the Downtown Train Station along w/FREE public transit. Former site of Community Action MAKE IT HAVERHILL. Current traffic count is approx 1000 cars a day, possibly destined to increase with the imminent closure of the Basiliere Bridge for rebuilding. This street level building contains approx 2000 sq ft of open space providing for VARIED uses. Easy Handicap entry along with 2 half baths (1 is handicap) and kitchen. Massive open basement approx 2000 sq ft provides for generous storage or expansion. Recent exterior refresh just the way you'd like it makes this property a standout in the area. PLEASE NOTE: This property may also be conducive to multiunit residential development with proper permits and variances obtained.
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Our Executive Mortgage Banker:
Our Insurance Division:
$329,900
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 |
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|---|---|---|---|
| Loan Amount | $263,920 | $263,920 | $263,920 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 6.250% | 6.490% | 5.750% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.474% | 6.640% | 5.972% |
| Monthly Tax Payment | $381 | $381 | $381 |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $1,625 | $1,666 | $2,192 |
| Total Monthly Payment | $2,081 | $2,122 | $2,648 |
* 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.