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This renovated, 2 bedroom, Naugus Head ranch is far from ordinary! Features include a sunfilled living room with an electric log in fireplace, custom shelves, a new kitchen, adjacent dining room open to a study/office, one and a half baths, and two bedrooms. The guest bedroom has a double closet and the main bedroom has several closets and a window seat with storage under. There are two splits/air conditioners in the house - one in the open kitchen, dining/office area and a second in the main bedroom. The lower level has a laundry / storage area plus a workshop area and walk out entry to the back yard and patio (covered and open) surrounded by flowering gardens and trees. There are two water features - one in the back yard and one in the front yard area. This is a perfect neighborhood for walking, with access out of town down West Shore Drive. There is a shared beach for watching the boats come into Salem harbor. Spring&fall garden care is landlord's responsibility. NO pets allowed
| Type | Description | Dimensions | Level |
|---|---|---|---|
| Bedroom 2 | Closet, Flooring - Wood | 12.5 x 10.0 | First |
| Dining Room | Flooring - Hardwood, Flooring - Wood, Open Floorplan | 9.7 x 7.8 | Main,First |
| Kitchen | Flooring - Wood, Countertops - Stone/Granite/Solid, Breakfast Bar / Nook, Exterior Access | 10.0 x 10.0 | First |
| Living Room | Closet/Cabinets - Custom Built, Flooring - Hardwood, Flooring - Wood, Cable Hookup, Exterior Access, Recessed Lighting | 18.0 x 11.5 | Main,First |
| Master Bedroom | Closet, Flooring - Hardwood, Flooring - Wood, Cable Hookup, Recessed Lighting, Lighting - Sconce | 19.0 x 13.5 | Main,Second |
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Our Executive Mortgage Banker:
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$3,850
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 Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
|---|---|---|---|
| Loan Amount | $3,080 | $3,080 | $3,080 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 6.250% | 6.750% | 5.875% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.634% | 6.890% | 6.078% |
| Monthly Tax Payment | N/A | N/A | N/A |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $19 | $20 | $26 |
| Total Monthly Payment | $94 | $95 | $101 |
* 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.