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Discover the endless potential and curb appeal of 38 Bailey Road. Nestled on an expansive 6, 800+ SF lot, this property offers a rare opportunity for both discerning homeowners & visionary developers. Envision a stunning transformation through a thoughtful renovation - explore the possibilities. Situated in the heart of Arlington, this address with 3 bed, 1 bath with lovely screened in porch places you at the epicenter of convenience & charm. Stroll to the brand-new high school, stock up at Whole Foods, or savor the vibrant local dining scene. Nature enthusiasts will relish proximity to Menotomy Rocks Park & the Minuteman Bikeway, Robbins Farm -serene area green spaces just moments away. With an unbeatable location in the heart of Arlington and untapped potential, 38 Bailey Road invites you to craft something truly extraordinary. The door to opportunity is open step through & make it yours. Offers reviewed on Tues. June 2 - w/24 response time. Showings begin 12pm May 30th
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Our Executive Mortgage Banker:
Our Insurance Division:
$1,095,000
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 | $876,000 | $876,000 | $876,000 |
| 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 | $955 | $955 | $955 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $4,905 | $5,323 | $7,333 |
| Total Monthly Payment | $5,985 | $6,403 | $8,413 |
* 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.