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Beautifully landscaped, this custom built Post and Beam Contemporary sits on almost 2 acres and embodies the feeling of living in a vacation home. Conveniently located on one of the most desirable street in Salem, this architecturally designed home boasts a open floor plan with a two story entry. The home is equipped with a new gourmet kitchen including granite, center island and stainless appliances. Pine floors and douglas fir beams accentuate the incredible stone fireplace soaring almost 30 feet high while displaying fantastic views from the living area. The expansive wrap around deck envelopes nature at its best. The interior is awash with natural light and views from every room including a very impressive master suite on the main level. A flexible second floor includes two additional bedrooms and a loft overlooking the living area. Lower level has room to design a office or gym and walk out to newly landscaped yard including a newly built lean-to for wood storage. A rare combination of design and craftsmanship best describe this beautiful property - come take a look. Two hour commute to New York or Boston to your new country home!!
| Type | Level |
|---|---|
| Bedroom 1 | Upper |
| Bedroom 2 | Upper |
| Dining Room | Main |
| Great Room | Upper |
| Living Room | Main |
| Primary Bedroom | Main |
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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 Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
|---|---|---|---|
| Loan Amount | $556,000 | $556,000 | $556,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.875% | 6.375% | 5.625% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.357% | 6.520% | 5.880% |
| Monthly Tax Payment | $497 | $497 | $497 |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $3,289 | $3,469 | $4,580 |
| Total Monthly Payment | $3,878 | $4,058 | $5,169 |
* 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.