Priced to sell! 610 Walnut is a spacious two-family offering strong value and rare upside. Both 3-bed, 1-bath units feature 9-foot high ceilings and classic double-parlor living rooms. The first-floor unit includes a bonus room ideal for home office or extra bedroom, with hardwoods throughout most of the unit. The second unit mirrors the first, but features a pantry and larger bedroom in place of the extra room. A full third floor (currently storage) offers exceptional potential for creating a third unit (buyer to perform due diligence), setting this property apart from others in the area. Major updates include a roof done in 2020 with 25 yr shingles, young furnaces & water heaters, and conversion from oil to steam gas heat. Off-street parking for 3-4 and conveniently located near parks, a hospital, and restaurants, this is one you won't want to miss! Why pay rent when you can own with income potential or multi-generational living? Property to be delivered vacant.
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Kate.Rockett@raveis.com
NMLS Mortgage Loan Originator ID 1500191
|
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
|---|---|---|---|
| Loan Amount | $447,200 | $447,200 | $447,200 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.375% | 5.990% | 5.250% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.161% | 6.132% | 5.541% |
| Monthly Tax Payment | $486 | $486 | $486 |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $2,504 | $2,678 | $3,595 |
| Total Monthly Payment | $3,082 | $3,256 | $4,173 |
* 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.