Presented byIlir Cukalla |
Offered for the first time in generations. Developers take notice. Over a half-acre of developable land in one of the prime zones for a mix of affordable and market rate units or just reconstruct the existing buildings as set out below provided by the Commissioner. A different plan could allow more units. From the Building Commissioner: ''With a Special Permit for pre-existing non-conforming, all 5 units could be reconstructed. Raze and rebuild would require them to be built to the flood plain regulations in effect at the time. Any increase in the number of units, in separate building(s), above the existing number would not be allowed by right based on each building requiring 5000 sq. ft. of lot area and this lot is just over 25, 000. Multi-family units could be created using the five buildings through the Planning Board. This lot could support 5-three-unit buildings or some combination not to exceed 15 units in total, spread over the existing 5 dwellings. A net increase of two units above the five would trigger inclusionary. 1/6 of the new units created would be required to be established as Affordable or Community housing units. Planning Board approval required. ''
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Our Executive Mortgage Banker:
Our Insurance Division:
$7,000,000
Sales Associate
William Raveis Real Estate
Phone: 617.669.7187
Ilir.Cukalla@raveis.com
VP, 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 | $5,600,000 | $5,600,000 | $5,600,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.125% | 6.875% | 6.500% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.430% | 6.977% | 6.664% |
Monthly Tax Payment | $616 | $616 | $616 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $34,026 | $36,788 | $48,782 |
Total Monthly Payment | $34,767 | $37,529 | $49,523 |
* 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.