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Welcome to this energy-modern 4 bedroom, 3. 5 bath Melrose gem in a highly walkable location. Enter to a spacious living room with French doors, bay windows, and cozy electric fireplace. The expansive dining area opens to a chef’s kitchen with quartz counters, island seating, and a wood-tone pantry. A versatile playroom or office completes the main level. Upstairs offers a primary suite with spa like bath & walk-in closet, addt'l bedroom, full bath with tub and 2nd floor laundry. The skylit attic retreat features vaulted ceilings and 2 additional bedrooms, both with mini-splits. Fully finished lower level with separate entrance, full bath, and plumbing for a future wet bar. Major updates include whole-house electric, cold-climate heat pumps with 5 zones, and insulation upgrades, all completed in 2023. Melrose Local Green 100% renewable electricity, no fossil fuels. 1-car garage and spacious driveway. Close to commuter rail, Orange Line, Lincoln School, parks, shops, and Middlesex Fells
Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
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To learn more about our credentials, visit raveis.com today.
Our Executive Mortgage Banker:
Our Insurance Division:
$1,399,000
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 | $1,119,200 | $1,119,200 | $1,119,200 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.375% | 6.125% | 5.875% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.117% | 6.235% | 6.058% |
| Monthly Tax Payment | $967 | $967 | $967 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $6,267 | $6,800 | $9,369 |
| Total Monthly Payment | $7,359 | $7,892 | $10,461 |
* 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.