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Attention contractors and investors, looking for a birthday present for America's 250th birthday? Look no further than 123 Patten Rd Tewksbury, located on the corner of Chester Street in the heart of Tewksbury close to Rt 38 and minutes to Rt 93 and 495. This spacious 4 bedroom cape has loads of potential boasting large bedrooms, a newer roof, a huge flat yard that would be great for an addition or a possible ADU or 2 car garage. This home is the perfect summer project that would be ready for the fall. The kitchen and bath are a little dated but livable. It could use some cosmetic updating, and has nice hardwood floor under rugs. The basement is partially finished which could add to your living area. The oil furnace has been updated, and has a newer oil tank and a 100 amp electrical serve. This place is a diamond in the rough. With some sweat equity you could make this place shine. Hurry, this isn't going to last at this low price. This home is being sold in AS IS Condition.
| Type | Description | Level |
|---|---|---|
| Bedroom 2 | Closet, Flooring - Hardwood, Flooring - Wall to Wall Carpet | First |
| Bedroom 3 | Closet, Flooring - Hardwood | Second |
| Bedroom 4 | Closet, Flooring - Hardwood | Second |
| Family Room | Basement | |
| Kitchen | Flooring - Laminate | First |
| Laundry | In Basement | |
| Living Room | Closet, Flooring - Hardwood, Flooring - Wall to Wall Carpet, Window(s) - Bay/Bow/Box | First |
| Master Bedroom | Closet, Flooring - Hardwood, Flooring - Wall to Wall Carpet | First |
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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 |
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|---|---|---|---|
| Loan Amount | $439,920 | $439,920 | $439,920 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.875% | 6.375% | 5.625% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.230% | 6.512% | 5.866% |
| Monthly Tax Payment | $580 | $580 | $580 |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $2,602 | $2,745 | $3,624 |
| Total Monthly Payment | $3,274 | $3,417 | $4,296 |
* 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.