7A Meghans Way, Lynn, MA, Massachusetts, property flyer

7A Meghans Way, Lynn, MA, 01904 | $380,000

Use is residential potentially developable land. Four lots on three separate deeds are being sold together. Each of the four lots are just over 10, 000 square feet and three of the four lots are adjacent to one another. The fourth lot is across the street). Lot 016 (M062_B020_L016) deed (Bk36013_pg601). Lot 017 (M062_B020_L018) and Lot 018 (M062_B020_L018) are on the same deed (Bk36013_Pg593) and are adjacent to one another as well as next to Lot 016. Lot 058 (M062_B021_L058) is on a separate deed (Bk36013_pg596) and is across from Lot 016, Lot 017, and Lot 018. The area of Meghans Way that these lots are located is on a sloping, gravel and dirt area of the road that is off of Lynnfield Street and at the end of Meghan's Way.

Features

Amenities: Shopping, House of Worship, Public School
Zoning: R1

Lot Desc: Sloped, Wooded
MLS#: 73503807

Website: https://www.raveis.com
/prop/73503807/7ameghansway_lynn_ma?source=qrflyer

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Listing by Heather Kaznoski courtesy of Compass Phone: 781-534-9229

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7A Meghans Way, Lynn, MA, 01904

$380,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Kate Rockett

RVP, Mortgage Banker

William Raveis Mortgage, LLC

Phone: 617.281.4872

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	$304,000	$304,000	$304,000
Term	360 months	360 months	180 months
Initial Interest Rate**	5.750%	6.125%	5.375%
Interest Rate based on Index + Margin	8.125%
Annual Percentage Rate	6.275%	6.272%	5.595%
Monthly Tax Payment	N/A	N/A	N/A
H/O Insurance Payment	$75	$75	$75
Initial Principal & Interest Pmt	$1,774	$1,847	$2,464
Total Monthly Payment	$1,849	$1,922	$2,539

* 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.