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Welcome to effortless living in one of Salem’s most desirable 55+ condominium communities—Braemoor Commons. This well maintained 2-bedroom, 2-bathroom condo offers 1, 638 square feet of thoughtfully designed one-level living space with high-end finishes throughout. Step into a sun-filled open concept layout featuring a tray ceiling entry, spacious living room, modern kitchen with granite countertops and stainless steel appliances, dining room and den/office. The primary suite features a tray ceiling, ceiling fan, large walk-in closet and luxurious en-suite bathroom with double vanities and soaking tub. The second bedroom features a ceiling fan and a TV wall mount. The condo also has a laundry room including upgraded pedestal washer and dryer, as well as a private balcony, with a remote activated SunSetter Shade, perfect for morning coffee or evening relaxation. All window shades and treatments throughout the condo are included. Enjoy premium amenities including a secure building with elevator, a deeded garage parking space, a deeded garage-level storage unit, two-level clubhouse which includes a large meeting room, fitness center, theater room, game room, library, as well as beautifully landscaped grounds and a welcoming atmosphere. This condo is ideal for those looking to enjoy a relaxed lifestyle. Conveniently located near shopping, dining, and minutes from Tuscan Village. Schedule your showing today before this property is gone! Delayed Showings begin May 27, 2025.
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5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $468,000 | $468,000 | $468,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.625% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.109% | 7.166% | 6.268% |
Monthly Tax Payment | $613 | $613 | $613 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $2,997 | $3,110 | $3,947 |
Total Monthly Payment | $3,702 | $3,815 | $4,652 |
* 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.