OPEN HOUSE CANCELLED! OFFER ACCEPTED. Location, Location! Don't miss out on this great 2-family home located in the heart of downtown Marlborough. Great investment opportunity for any buyer! The first and second floor both have an eat-in kitchen, living room, and one bath. The first floor is home to 2 bedrooms with beautiful hardwood floors throughout the living rooms and bedrooms while the kitchen, bath and laundry room have tile flooring. The 2nd floor boasts 4 bedrooms (2 down and 2 up) and also has hardwoods throughout in addition to linoleum flooring in the kitchen and carpeting in the 3rd floor bedrooms. The second unit has a great balcony off the back of the home. Easy access to large and dry basement. Separate washer & dryer hook-ups in each unit. Fenced in front yard and one garage space. Plenty of parking. The second floor has a long term tenant who will be moving to the first floor. First floor has been occupied by the owner. Close to Route 20 and Route 495.
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$674,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
Senior Vice President - Coaching & Strategic
William Raveis Mortgage, LLC
Phone: 203.980.8025
Frank.Kolb@raveis.com
NMLS Mortgage Loan Originator ID 81725
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $539,200 | $539,200 | $539,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.375% | 6.875% | 5.875% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.760% | 7.042% | 6.160% |
Monthly Tax Payment | $480 | $480 | $480 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,724 | $3,542 | $4,514 |
Total Monthly Payment | $4,296 | $4,114 | $5,086 |
* 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.