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Investor alert: this 2-bed, 1-bath Ryal Side Colonial sits on a generous double lot spanning 0. 28 acres, with room to expand, add a garage suite, or reimagine the layout. Family-owned for 70+ years and hitting the market for the first time in decades, a rare shot at true sweat equity in one of the North Shore's hottest towns. The 1, 131 square-foot layout offers an eat-in kitchen, formal dining room, spacious living room, covered front porch entry, full basement for storage, and hardwood floors throughout, while outside you'll find a detached garage and a quarter-acre of land that gives real flexibility for expansion, additional parking, or a bigger footprint down the road. Tucked in the Ryal Side neighborhood, the location can't be beat — minutes to the commuter rail for an easy commute into Boston, downtown Beverly's restaurants and shops, the beach, and grocery stores, all the everyday conveniences that make this market so competitive. Currently the lowest-priced single-family home on the market in Beverly, it represents a rare entry point into a town where prices keep climbing and inventory stays tight. Bring your vision and make it your own — calling all investors, contractors, and TLC buyers ready to roll up their sleeves, add some sweat equity, and unlock serious upside in one of the North Shore's most desirable communities. Whether your plan is a full renovation, a smart cosmetic refresh, or an expansion project to grow the living space, this property offers the bones, the land, and the location to make it worthwhile. Priced to move and won't last — schedule your showing today before this opportunity is gone.
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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 | $359,200 | $359,200 | $359,200 |
| 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 | $463 | $463 | $463 |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $2,212 | $2,330 | $3,007 |
| Total Monthly Payment | $2,750 | $2,868 | $3,545 |
* 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.