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This large 4-bedroom, 1. 5-bath home sits on a corner lot with a paved parking area and a separate driveway, providing ample parking for entertaining or car enthusiasts. The oversized living room provides great main-level living space, and the basement features a walkout door to the backyard, washer/dryer hookups, and potential for additional finished space. The large yard includes a concrete pad for a future patio, shed, garage, or possible ADU. Major updates done in 2023 include new plumbing, shower, furnace, ductwork, hot water heater, and most windows. Most gutters and exterior doors have also been recently replaced. Conveniently located in the Pine Point neighborhood near WNEU, AIC, STCC, and Springfield College, the property is a great opportunity for both owner-occupants and investors. It may also have potential for use as a childcare/daycare facility or group home under the Dover Amendment, subject to site plan review. The property was previously used as commercial office space.
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Our Executive Mortgage Banker:
Our Insurance Division:
$299,000
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 | $239,200 | $239,200 | $239,200 |
| 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 | $344 | $344 | $344 |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $1,473 | $1,532 | $2,002 |
| Total Monthly Payment | $1,892 | $1,951 | $2,421 |
* 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.