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One-bedroom apartment available at Grove Village Lofts, a beautifully restored historic brick mill building offering a unique blend of character and modern comfort. This spacious residence features luxury vinyl plank flooring, white shaker cabinetry, granite countertops, oversized historic replica windows, a full bathroom with tub, energy-efficient mini-split heating and cooling, LED lighting, and a complete GE appliance package including an in-unit washer and dryer. Rent includes water/sewer, WiFi, trash removal, and access to the resident fitness center and lounge. Tenant is responsible for electricity, including heating and air conditioning. Optional parking, private storage, and bike storage are available for an additional fee. Residents enjoy secure building access, professionally renovated common areas, landscaped grounds, heavy timber construction, and authentic mill architecture. Ideally located near downtown Worcester, major highways, restaurants, shopping, public transportation, and local employment centers. Multiple floor plans are available throughout the community, including studio, one-bedroom, and one-bedroom-with-office layouts, offering modern amenities in a distinctive historic setting. Advertised rent reflects a limited-time lease incentive. One-bedroom apartments include a $200/month rent reduction with a qualified 13-month lease.
| Type | Description |
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| Laundry | In Unit |
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Our Executive Mortgage Banker:
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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 |
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|---|---|---|---|
| Loan Amount | $2,060 | $2,060 | $2,060 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 6.250% | 6.750% | 5.875% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.760% | 6.902% | 6.118% |
| Monthly Tax Payment | N/A | N/A | N/A |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $13 | $13 | $17 |
| Total Monthly Payment | $88 | $88 | $92 |
* 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.