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.
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.
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 firstname.lastname@example.org
To discuss mortgage rates and products call Marybeth Buliung at 781-248-4303.