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Location and lot can't be beat! GEM of an opportunity in West Medford close to all amenities, major routes, the W. Medford Comm. Rail & Playstead Park. A 2-unit multi-family home w/an expansive lot in this highly sought after area & it offers a 2 car garage with driveway; individual porches; a patio & fenced-in large yard perfect for outdoor activities with room for possible expansion/ADU. Units offers large eat-in kitchens with w/d hookups. Unit 1 functions as a 2 bed/1 bath, while Unit 2 spans 2 flrs with 4+ beds, 1 bath & office/flex space. The LL is plumbed w/capped gas connection, a 3/4 bath & possibility of wet bar/kitchen setup w/plenty of storage too - perhaps add'l space for U1 or maybe something more with city approvals?? Potential for renovation/expansion/condo conversion or more - opportunity abounds! Perfect for an investor, multi-generational family or owner-occupant. Both units were rented thru February. AS IS Sale. Bring your vision & make this property shine again!
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Our Executive Mortgage Banker:
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$1,300,000
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 Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
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| Loan Amount | $1,040,000 | $1,040,000 | $1,040,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.250% | 5.875% | 5.625% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.069% | 5.984% | 5.689% |
| Monthly Tax Payment | $842 | $842 | $842 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $5,743 | $6,152 | $8,567 |
| Total Monthly Payment | $6,710 | $7,119 | $9,534 |
* 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.