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Sunny and bright updated one-bedroom condo in the highly sought-after Madison Towers. The bedroom features an entire wall of windows. Updated kitchen and tiled bathroom! This turnkey home is ready for immediate occupancy. The condo fee offers exceptional value and covers nearly all utilities, including heat, air conditioning, electricity, water, hot water, internet, cable, and building maintenance. Residents also enjoy access to on-site amenities such as a swimming pool, fitness center, and the convenience of deeded parking. Ideally located in the heart of Worcester downtown, the property is close to Union Station, Polar Park, Hanover Theatre for the Performing Arts, and Saint Vincent Hospital, along with numerous restaurants and shops. Whether you are searching for a comfortable city residence or a strong investment opportunity, this unit has excellent rental potential.
| Type | Description | Level |
|---|---|---|
| Dining Room | First | |
| Kitchen | First | |
| Living Room | Flooring - Laminate | First |
| Master Bedroom | First |
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Our Executive Mortgage Banker:
Our Insurance Division:
$168,000
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 Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
|---|---|---|---|
| Loan Amount | $134,400 | $134,400 | $134,400 |
| 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 | $148 | $148 | $148 |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $828 | $872 | $1,125 |
| Total Monthly Payment | $1,051 | $1,095 | $1,348 |
* 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. The Total Monthly Payment does not include the estimated HOA/Common Charge payment.