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Well located and distinguished 1814 brick townhome sits in the heart of historic downtown Portsmouth and features views of the Piscataqua River, Prescott Park and Strawberry Banke Museum. The ground floor, which is currently commercial, can be easily converted into residential space with ten foot ceilings and two rooms which leads out to a private pocket garden/courtyard with shared one-car parking. The second floor is currently half commercial and half residential and it features a private office or future bedroom, two 1/2 bathrooms separated by the current family room of the private residence above the first floor which also features a tiled solarium/sunroom area with park and river views. The third floor features a formal dining/living area, full bath, laundry and a large island kitchen with exposed brick, exposed beams, Rumford-styled wood-burning FP and access to a private deck for grilling and lounging with river and park views. The fourth and top floor features two BR's with built-ins and a tiled 3/4 bath. Full basement with storage and second washer/dryer hook-up. Keep it both commercial and residential, or convert to 100% residential if you're looking for a well located residence within sight of the water, park and downtown. It could be a generous total of 2, 982sf dedicated to a four story residential townhome residence - unheard of in downtown Portsmouth. You won't find a better located property in the heart of this vibrant city and offered below city assessment.
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5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
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Loan Amount | $1,991,200 | $1,991,200 | $1,991,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.625% | 6.625% | 6.125% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.663% | 6.751% | 6.309% |
Monthly Tax Payment | $2,334 | $2,334 | $2,334 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $11,462 | $12,750 | $16,938 |
Total Monthly Payment | $13,921 | $15,209 | $19,397 |
* 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.