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OFFERS DUE by 5: 00pm THURSDAY 5/22/2025. *PROPERTY BEING SOLD-AS-IS, in current condition with contents. Buyers responsible for cleaning & removing any personal items, trash, etc that is currently there. CASH BUYERS ONLY. * Systems are all on! PUBLIC WATER & SEWER. NEWER 5+/-ish Years Old ELECTRICAL PANEL WIRED FOR A GENERATOR. ROOF is around 10-15 Years Old. Oil Boiler is around 10-15 Years Old. VINYL SIDING. DUAL THERMAL PANE VINYL WINDOWS. Former 1935 house was torn down & this House was BUILT in 1988. Not your average Cape. This HUGE Cape has 1, 980+ sq ft Above Ground. 4 HUGE BEDROOMS. 1. 5 BATHROOMS. Huge 30' Deep 1+ Car Garage under might fit up to 2 regular-size Vehicles. All size stats & feature officially on Town Records! 6+ Vehicles Parking with 2 Driveways & Garage. House has Open Concept Lay-Out for Modern Floor-Plan. Huge Deck. 0. 21 Acre. PROPERTY NEEDS: Personal property & Trash Removal; Professional Cleaning; New Floors; Painting inside, etc. House was built in 1988 according to City of Salem Assessor Dept property file folder shows approved build & completion permits/docs (see attached). Town Assessor Department mistakenly has 1935 for the on-line assessor property card. Agent brought it to the assessing department's attention on Thursday 5/8/2025, & they said they will eventually update it to the correct 1988 on-line, but it may take some months around the July 2025 or January 2026 property tax bills when the town updates property info on assessor card.
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5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $239,200 | $239,200 | $239,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.750% | 6.990% | 5.875% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.160% | 7.154% | 6.172% |
Monthly Tax Payment | $494 | $494 | $494 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,551 | $1,590 | $2,002 |
Total Monthly Payment | $2,120 | $2,159 | $2,571 |
* 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.