Set in a well-located Melrose neighborhood, this 3-bedroom, 1. 5-bath home offers a layout that feels both functional and easy to live in. The main level is filled with natural light, featuring an open kitchen that connects seamlessly to the living and dining areas making everyday routines and hosting feel simple. Upstairs, three nicely sized bedrooms provide flexibility for a variety of needs, along with a full bath complete with all the updates. Bonus space downstairs in the large finished basement adds valuable extra space, perfect for a home office, workout area, media room, or play space. Outside is a large fully fenced-in backyard offering room to relax, entertain, or enjoy time outdoors, while the detached one-car garage adds convenience for parking or storage. Located close to downtown Melrose, shopping, dining, and Route 1, this home blends everyday convenience with a neighborhood setting. Easy, practical, and ready for what’s next!
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William Raveis Real Estate
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Contact@raveis.com
RVP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 617.281.4872
Kate.Rockett@raveis.com
NMLS Mortgage Loan Originator ID 1500191
|
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
|---|---|---|---|
| Loan Amount | $695,920 | $695,920 | $695,920 |
| 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 | $626 | $626 | $626 |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $3,897 | $4,228 | $5,826 |
| Total Monthly Payment | $4,615 | $4,946 | $6,544 |
* 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.