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Natural light fills this elegant two bedroom, two bath residence. French doors open to a covered private balcony, and the kitchen features granite countertops and a refined breakfast bar. Conveniently placed in-unit laundry adds ease to everyday living. The primary suite offers a walk in closet and a custom dressing area, while the second bedroom provides direct balcony access. Enjoy beautifully landscaped courtyard views and an exceptional downtown Salem setting close to shops, restaurants, museums, Salem Common, the waterfront, the cinema and the commuter rail. The Essex offers an attached parking garage with sixth floor access and spaces available for purchase, along with a year round indoor pool, a gym, a library and more. The condo fee covers almost all utilities for predictable monthly costs, creating a luxurious and effortless lifestyle in the heart of this vibrant and historic city of Salem. . . . . . . where modern comfort meets Salem's cultural charm!
| Type | Description | Level |
|---|---|---|
| Bedroom 2 | Closet, Flooring - Hardwood, Window(s) - Picture, Balcony / Deck, French Doors, Exterior Access | First |
| Dining Room | Flooring - Hardwood, Lighting - Pendant | First |
| Kitchen | Closet, Flooring - Stone/Ceramic Tile, Countertops - Stone/Granite/Solid, Lighting - Overhead | First |
| Living Room | Flooring - Hardwood, Window(s) - Picture, Balcony / Deck, French Doors, Exterior Access | First |
| Master Bedroom | Bathroom - Full, Walk-In Closet(s), Flooring - Hardwood, Window(s) - Picture | First |
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.
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Our Executive Mortgage Banker:
Our Insurance Division:
$519,000
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 | $415,200 | $415,200 | $415,200 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.500% | 6.000% | 5.250% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.209% | 6.178% | 5.541% |
| Monthly Tax Payment | $403 | $403 | $403 |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $2,357 | $2,489 | $3,338 |
| Total Monthly Payment | $2,852 | $2,984 | $3,833 |
* 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. The Total Monthly Payment does not include the estimated HOA/Common Charge payment.