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Welcome to 2 Kitteridge Square! (AKA 2 Gerry Ave) This classic 4 bed, 2. 5 bath Colonial is walking distance to beautiful & desirable downtown Newmarket! Restaurants, pubs, shops & services are just around the corner. With potential to add an accessory dwelling, additional structure & subdivision potential, this property has a lot to offer as it stands or for future development. Inside you’ll find a large, bright kitchen, convenient 1st floor laundry and ¾ bath leading to a dining room, cozy nook with pellet stove & large living room. Original Greek Revival touches abound as you head through the foyer to a wraparound front porch. Upstairs you’ll find 4 beds, a full bath & primary bed w/ it’s own en-suite ½ bath. There’s even an unfinished walk up attic offering more potential space to finish or storage. In the basement you’ll spot a 200 amp electrical panel & 2 year old boiler. Outside there’s a gorgeous stone patio w/ hot tub & side yard - perfect for entertaining, summer barbecues or family gatherings. Established perennial gardens adorn the side yards along with 4 raised beds, ready to plant your veggies! The heated shop space with garage, storage above & plenty of parking is a huge bonus. Investors take note, zoning allows for a potential accessory dwelling to be added and the lot does meet requirements for potential subdivision (any development would require town approval)
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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 | $528,000 | $528,000 | $528,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.500% | 6.875% | 5.875% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.058% | 7.025% | 6.132% |
Monthly Tax Payment | $828 | $828 | $828 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,337 | $3,469 | $4,420 |
Total Monthly Payment | $4,257 | $4,389 | $5,340 |
* 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.