Nina Rogoff's Insights on Sharon Real Estate and More!

3+ Bedroom Home for Sale Sharon MA - Plus Your Mortgage is Almost Paid!

3+ Bedroom Home for Sale Sharon MA - Plus Your Mortgage is Almost Paid!

The average list price of a 3 to 4 bedroom home in Sharon MA is $561,693 right now. If you've been following the Sharon MA real estate market you know that it is a Seller's Market. Inventory is very low and demand is very high. If you've tried to buy a home you know that you are competing against multiple offers at or above list price.

47 North Main Street Sharon MA home for sale - mortgage options

Here's another option to consider! Take a look at what the home for sale at 47 North Main Street Sharon offers including the opportunity to pay most of your mortgage payment!

This Victorian home had a top-down renovation that was completed in 2004. The main portion of this home is approximately 2,671 square feet and has 3 bedrooms plus a very large 4th room on the 3rd floor.

The bonus with this property is the approximately 1,200 sq. ft. attached Townhouse-style apartment. This 2-bedroom, 2 bathroom apartment has an eat-in kitchen, a very large living room/dining room area and a huge master bedroom that accommodates a private sitting area. Plus, there's a second floor laundry! There is a separate parking area and separate front and back door entrances for the apartment. The apartment currently generates an annual income of $25,140.

I spoke with Marybeth Buliung, a mortgage consultant with Wells Fargo Home Mortgage. She showed me some of the mortgage options available for someone considering this property. The example is for a someone with a credit score of 740 on a purchase price of $749,000 with a loan amount of $599,200 and 20% downpayment. Mortgage examples for 47 North Main Street Sharon including income property

The apartment generates $2,095/month which means you have to cover an additional $637.60 per month. As with any home purchase, you'll want to consider utilities, maintenance and as mentioned your homeowners insurance and real estate taxes. 

This is a great way to own a home that feels like a single family home and has the added bonus of providing you with an income to cover most of your mortgage! 

Call or text Nina Rogoff at 781-883-3764 to schedule a private showing or email ninarogoff@rocketmail.com

To discuss mortgage rates and products call Marybeth Buliung at 781-248-4303.

 

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3 commentsNina Rogoff • April 20 2013 11:52PM

Comments

Good luck with this new listing Nina..sounds like a winner for buyers in the Franklin MA market and you will have buyers pounding down your door for sure!

Posted by Ginny Gorman, Homes for Sale in North Kingstown RI and beyond (Phillips Post Road Realty ~ 401-529-7849~ RI Waterfront Real Estate) over 1 year ago

This is a great opportunity for anyone. Rent out the townhouse and almost pay your mortgage. I love the Victorian homes, and this one sounds really nice.

Posted by Debbie Laity, Your Real Estate Resource for Delta County, CO (Cedaredge Land Company) over 1 year ago

Hi, Ginny...this property is in Sharon MA...I appreciate your good wishes! 

Hi, Debbie...it is a great opportunity because the buyers will feel as if they have a single family home...spacious and private...plus most of the mortgage is covered by the rental! It's a great way to buy in Sharon MA!

Posted by Nina Rogoff, Your Hometown Realtor in Sharon MA (RE/MAX Executive Realty) over 1 year ago

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