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Presented by![]() Tricia Jenks |
If you're looking for a spring renovation project look no further! This house has great bones & sits on an oversized lot in North Oxford. Priced well below the assessed value there is money to be made on this one. Buyer will need to install a new septic as the property is serviced by a cesspool. Town water. There is a good amount of work needed but the house has great bones & it will be worth the work. 2 car garage needs significant repairs. House has original windows & aluminum siding. Oil heat. Newer oil tank & water heater. Boiler is older but serviced yearly. 2nd floor may need some reconfiguring as it is currently set up as it's own apartment. Sold strictly as-is / where is. Buyers are encouraged to do all due diligence to their satisfaction. Lots of land, could be perfect for an ADU or possible sub-divide (buyer to confirm). Cash offers /private financing or renovation loans are preferred as the property will not qualify for conventional or FHA financing.
Type | Description | Level |
---|---|---|
Bedroom 2 | Second | |
Bedroom 3 | Second | |
Bedroom 4 | First | |
Dining Room | Flooring - Hardwood | First |
Kitchen | Flooring - Hardwood | First |
Living Room | Flooring - Hardwood | First |
Master Bedroom | Second |
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William Raveis Real Estate
Phone: 239.595.0024
Tricia.Jenks@raveis.com
RVP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 917.838.7300
Melissa.Cohn@raveis.com
NMLS Mortgage Loan Originator ID 16953
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $239,920 | $239,920 | $239,920 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.500% | 7.000% | 6.000% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.058% | 7.176% | 6.298% |
Monthly Tax Payment | $360 | $360 | $360 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,516 | $1,596 | $2,025 |
Total Monthly Payment | $1,951 | $2,031 | $2,460 |
* 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.