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Best opportunity of the year. 7, 400 SF building lot in Riverdale with active building permit for construction of a single family home with one car garage. Utilities including public sewer, water and electric are nearby. The lot is staked at its four corners and the four corners of the dwelling footprint. The design on file adheres to R-10 zoning setbacks. The design is for a three bedroom, multiple bath home. The layout has a family room in the basement level; living room, full bath and kitchen plus an office on the first level and three bedrooms and two baths on the second level. The second level includes a laundry room. The living area is calculated at 2, 617 square feet with 539 of it being in the basement family room. The plan includes room for a patio off of the living room. Buyer can use existing permit or build own design for single or two-family house by right Once the Purchase and Sale Agreement is fully executed, the Seller attorney will apply for the License to Sell from the Essex County Probate Court. Closing will be subject to receipt of License to Sell.
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Our Executive Mortgage Banker:
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$278,000
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 Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
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| Loan Amount | $222,400 | $222,400 | $222,400 |
| 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 | $1,369 | $1,442 | $1,862 |
| Total Monthly Payment | $1,444 | $1,517 | $1,937 |
* 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.