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Situated on the corner of 149 Elm Street and 1 Evans Road in the charming town of Marblehead, this distinguished Multi-Family property originally constructed in 1800 presents a wide variety of living possibilities. Within its expansive 2389 sq. ft. of finished interior space, the property offers a versatile arrangement across three distinct levels, providing significant accommodation possibilities. Unit 1 on first floor has 4 Rms/2BRs/1BA . Unit 2 on second and third floor has 6 Rms/3BRs/1. 5BA. Renovated kitchen and open floor plan allows for comfortable living. Lovely covered porch off living area. The 7230 sq. ft. lot provides generous exterior grounds with stone patio, firepit, composting bin, and play gym. Further enhancing this property's practical appeal, two dedicated garage spaces plus 3-4 off-street parking spots provide secure vehicle accommodation and potential home office space above. This special property represents a unique opportunity for investors, contractors and families!
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Our Executive Mortgage Banker:
Our Insurance Division:
$1,050,000
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 | $840,000 | $840,000 | $840,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.250% | 6.000% | 5.750% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.069% | 6.110% | 5.932% |
| Monthly Tax Payment | $604 | $604 | $604 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $4,639 | $5,036 | $6,975 |
| Total Monthly Payment | $5,368 | $5,765 | $7,704 |
* 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.