*Investors take note!* A 3rd unit can be added on the 2nd floor! All codes must be met too! Talk about a terrific Black Rock location! This great two family on the corner of Seaview Terrace & Grovers is situated perfectly for enjoying all that Black Rock has to offer everyone! Your tenants can enjoy St. Mary By the Sea sunrises and sunsets while living nicely nearby. The front unit features one bedroom and uses the front door primarily. You enter into the living room/dining room space. It is generous and has room for a work from home set up as well. The bedroom can hold a queen sized bed. The full bathroom is perfect. The kitchen into the living room/dining area is open and the counter space is abundant. If you go out the back door of the front unit, you come to a shared stairway to the lower level. This stairway is used by both units to access the basement. The basement is the full footprint of the home. The laundry machines are in the front half as is the tenant storage. In the rear side of the basement there is additional storage. The rear unit is a 2 bedroom unit and had been updated in 2019. The vaulted ceiling in the living room gives everyone the feeling of volume and and spaciousness. The newer kitchen has lots of counter space and newer appliances. The bathroom is newer as well. The bedrooms are similar sized and fit queen beds in both. Enjoy all that Black Rock has to offer. Harborview Market is a short walk away which means friends, dining and gathering are easy
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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 | $439,200 | $439,200 | $439,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.375% | 6.875% | 5.875% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.007% | 7.050% | 6.132% |
Monthly Tax Payment | $764 | $764 | $764 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $2,740 | $2,885 | $3,677 |
Total Monthly Payment | $3,596 | $3,741 | $4,533 |
* 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.