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This adorable, move-in-ready home has so much to offer and will appeal to first-time home buyers, those looking to downsize, or anyone seeking a condo alternative. The charming interior features an open-layout living and dining area with hardwood floors, crown moldings, and exposed brick. The sunny eat-in kitchen is equipped with a bay window, granite countertops, new tile floor and updated appliances. An additional bonus room on the first floor provides versatile space for an office or exercise room. The second floor includes two generous bedrooms, a very large walk-in closet, and a full bath. Exterior highlights include new siding, two-car parking, and a private fenced-in yard. The yard also features a new shed equipped with a bar and TV, making it a great space for entertaining. The property is conveniently located close to Witchcraft Heights Elementary, Salem Hospital and in close proximity to Downtown Salem and the Commuter Rail as well as easy access to the highway.
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Our Executive Mortgage Banker:
Our Insurance Division:
$559,000
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 |
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|---|---|---|---|
| Loan Amount | $447,200 | $447,200 | $447,200 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 6.250% | 6.625% | 5.875% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.609% | 6.776% | 6.078% |
| Monthly Tax Payment | $439 | $439 | $439 |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $2,753 | $2,863 | $3,744 |
| Total Monthly Payment | $3,284 | $3,394 | $4,275 |
* 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.