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Prominently positioned in the East Gloucester Square Historic District, 16 Highland Street is an exciting opportunity for the discerning buyer. This shingle-style cottage is proudly sited on a comfortable lot, complete with charming gardens and privet privacy fence. The wide covered front porch sets the stage for warm-weather gatherings to celebrate daily sunsets. A welcoming foyer leads to the primary reception rooms. The large living room features wood floors and decorative fireplace. The dining room has original built-in cabinets. A well-equipped kitchen offers adjacent mudroom and half bath. A cozy home office with fireplace and garden room complete the main living level. Upstairs finds three large bedrooms, shared oversized bathroom and separate laundry room. The third floor presents as a great family room, with wood floors and harbor views. The home is located wonderfully close to multiple marinas, Rocky Neck, Gloucester Stage, Good Harbor Beach and Downtown Gloucester.
| Type | Description | Level |
|---|---|---|
| Bedroom 2 | Closet, Flooring - Wood | Second |
| Bedroom 3 | Closet, Flooring - Wood | Second |
| Dining Room | Closet/Cabinets - Custom Built, Flooring - Wood | First |
| Kitchen | Flooring - Wood, Dining Area | First |
| Living Room | Flooring - Wood, Cable Hookup, Recessed Lighting | First |
| Master Bedroom | Closet, Flooring - Wood, Balcony / Deck | Second |
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Our Executive Mortgage Banker:
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$1,095,000
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 | $876,000 | $876,000 | $876,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.500% | 6.125% | 6.000% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.165% | 6.259% | 6.183% |
| Monthly Tax Payment | $629 | $629 | $629 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $4,974 | $5,323 | $7,392 |
| Total Monthly Payment | $5,728 | $6,077 | $8,146 |
* 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.