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Located off of historic Federal Street, in the McIntire District is this updated second floor, 2 bedroom, 2 bath unit with one car parking & private side entrance - The floor plan features an open living, dining, & kitchen space ideal for entertaining as well as everyday living. A primary bedroom with bath ensuite includes an oversized shower & double sinks, a large second bedroom that can be used as is, or even as a combination office/guest room, a second full bath (with a tub and shower) & in unit laundry off of the living area. Also included is an exclusive basement area with the utilities and storage area. Enjoy all that historic Salem has to offer, or simply enjoy relaxing in the shared back yard with patio furniture & fire pit. Minutes to downtown Salem, the commuter rail, easy access to the highway via Boston Street making commuting by car easier, & close to Salem Hospital as well. Good credit, proof of income, references, & $25. per person over 18 for application fee
| Type | Description | Level |
|---|---|---|
| Bedroom 2 | Closet, Flooring - Wood | Second |
| Dining Room | Flooring - Wood | Second |
| Kitchen | Flooring - Wood | Second |
| Living Room | Flooring - Wood | Second |
| Master Bedroom | Bathroom - 3/4, Closet, Flooring - Wood | Second |
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.
Our family of companies offer our clients a new level of full-service real estate. We shall:
To learn more about our credentials, visit raveis.com today.
Our Executive Mortgage Banker:
Our Insurance Division:
$2,800
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 | $2,240 | $2,240 | $2,240 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 6.250% | 6.490% | 5.750% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.474% | 6.640% | 5.972% |
| Monthly Tax Payment | N/A | N/A | N/A |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $14 | $14 | $19 |
| Total Monthly Payment | $89 | $89 | $94 |
* 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.