157 Main Street, Essex, MA, Massachusetts, property flyer

157 Main Street, Essex, MA, 01929 | $825,000

Endless possibilities and serene overland views top the list of highlights with this “almost” landmark 3-story building that dates to 1885 and borders the Great Marsh to the rear in downtown Essex. The former Ellen Neily Gallery for decades, this Mixed-Use Antique property with 2 decks that housed a retail gallery/shop on the 1st floor with residential space above and a 3rd floor attic – with Essex River views - offers new owners or developers exceptional flexibility. Use the 2nd floor living quarters with 2 bedrooms, full bath, kitchen dining and living rooms and to create a live-work lifestyle, use both levels for business or transform the entire 2, 200 sf building into living quarters. Your options that include being an owner occupant, landlord, investor/developer go on forever. Extras: The 1st floor has a covered patio, the 2nd floor deck overlooks sprawling fields lined with mature trees and you have 3-car off-street parking.

Features

Zoning: comm/res
Year Built: 1885

Acreage: 0.11
Est. Taxes: $10,086

MLS#: 73540713
Website: https://www.raveis.com
/prop/73540713/157mainstreet_essex_ma?source=qrflyer

The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein.
Listing by Ann Rick Gloucester Group courtesy of J. Barrett & Company Phone: 978-468-0046

William Raveis Family of Services

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.

Customer Service

888.699.8876

Contact@raveis.com

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Market your home to realize a quick sale at the best possible price
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Give you the full resources and strength of William Raveis Real Estate, Mortgage & Insurance and our cutting-edge technology

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Kate RockettRVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 1500191

617.281.4872

Kate.Rockett@raveis.com

Our Executive Mortgage Banker:

Is available to meet with you in our office, your home or office, evenings or weekends
Offers you pre-approval in minutes!
Provides a guaranteed closing date that meets your needs
Has access to hundreds of loan programs, all at competitive rates
Is in constant contact with a full processing, underwriting, and closing staff to ensure an efficient transaction

Paul BerriosRegional SVP, Insurance Sales Producer, William Raveis Insurance

978-337-3053

Paul.Berrios@raveis.com

Our Insurance Division:

Will Provide a home insurance quote within 24 hours
Offers full-service coverage such as Homeowner's, Auto, Life, Renter's, Flood and Valuable Items
Partners with major insurance companies including Chubb, Kemper Unitrin, The Hartford, Progressive,
Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable

157 Main Street, Essex, MA, 01929

$825,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Kate Rockett

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	$660,000	$660,000	$660,000
Term	360 months	360 months	180 months
Initial Interest Rate**	5.500%	6.000%	6.000%
Interest Rate based on Index + Margin	8.125%
Annual Percentage Rate	6.165%	6.121%	6.183%
Monthly Tax Payment	$841	$841	$841
H/O Insurance Payment	$92	$92	$92
Initial Principal & Interest Pmt	$3,747	$3,957	$5,569
Total Monthly Payment	$4,679	$4,889	$6,501

* 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.