|
Presented by
Kiara Rusconi |
1061 Pleasant St, New Bedford (Center), MA, 02740 | $2,500,000
Seller Financing Available: Incredible development opportunity a few short blocks from the upcoming MBTA Commuter Rail Station. 1061 Pleasant Street, the historic Russell-Howland House, an iconic opportunity in the heart of New Bedford, MA. Built in 1830, this distinguished property spans over 15, 000 square feet of flexible space set on a generous 35, 127 square foot lot. Massachusetts Historical Commission approval is in hand for transforming the existing structure into 13 residential units. Plans are available for an additional 22 residential units across two new additional structures. Conveniently located near Historic Downtown New Bedford, the working waterfront, & wind energy facilities, this is a rare opportunity for an ambitious developer to take over and finalize the project - creating highly sought after residential units as the city continues to in its exciting era of development further enhanced by the long awaited MBTA connection to Boston coming to fruition in March.
Features
- Town: New Bedford
- Utilities: Public Water, Public Sewer, Natural Gas Available
- Parking: 28-car
- Zoning: RA
- Year Built: 1900
- Approx Sq. Feet: 15,619
- Acreage: 0.81
- Est. Taxes: $14,827
- MLS#: 73333861
- Website: https://www.raveis.com
/prop/73333861/1061pleasantst_newbedford_ma?source=qrflyer
William Raveis Family of Services
Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
Kiara RusconiLuxury Properties Specialist
860.573.3382
Kiara.Rusconi@raveis.com
Our family of companies offer our clients a new level of full-service real estate. We shall:
- Market your home to realize a quick sale at the best possible price
- Place up to 20+ photos of your home on our website, raveis.com, which receives over 1 billion hits per year
- Provide frequent communication and tracking reports showing the Internet views your home received on raveis.com
- Showcase your home on raveis.com with a larger and more prominent format
- Give you the full resources and strength of William Raveis Real Estate, Mortgage & Insurance and our cutting-edge technology
To learn more about our credentials, visit raveis.com today.
David LewisVP, Mortgage Banker, William Raveis Mortgage, LLC
NMLS Mortgage Loan Originator ID 49042
978.423.2254
David.Lewis@raveis.com
Our Executive Mortgage Banker:
- Is available to meet with you in our office, your home or office, evenings or weekends
- Offers you pre-approval in minutes!
- Provides a guaranteed closing date that meets your needs
- Has access to hundreds of loan programs, all at competitive rates
- Is in constant contact with a full processing, underwriting, and closing staff to ensure an efficient transaction
Heidi SummaRegional SVP Insurance Sales, William Raveis Insurance
860.919.8074
Heidi.Summa@raveis.com
Our Insurance Division:
- Will Provide a home insurance quote within 24 hours
- Offers full-service coverage such as Homeowner's, Auto, Life, Renter's, Flood and Valuable Items
- Partners with major insurance companies including Chubb, Kemper Unitrin, The Hartford, Progressive,
Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable
1061 Pleasant St, New Bedford (Center), MA, 02740
$2,500,000
Kiara Rusconi
Luxury Properties Specialist
William Raveis Real Estate
Phone: 860.573.3382
Kiara.Rusconi@raveis.com
David Lewis
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 978.423.2254
David.Lewis@raveis.com
NMLS Mortgage Loan Originator ID 49042
|
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
|---|---|---|---|
| Loan Amount | $2,000,000 | $2,000,000 | $2,000,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.500% | 6.375% | 6.125% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.614% | 6.511% | 6.309% |
| Monthly Tax Payment | $1,236 | $1,236 | $1,236 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $11,356 | $12,477 | $17,013 |
| Total Monthly Payment | $12,717 | $13,838 | $18,374 |
* 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.
William Raveis Mortgage, LLC, NMLS ID 2630, 7 Trap Falls Road, Shelton, CT 06484
MA Mortgage Lender and Mortgage Broker #MC2630