191 Bay Road, Hamilton, MA 01982

$945,000

5 beds 2 baths 2,500 sqft Built 1850116 days on marketActive

About this home

YOU WILL LOVE THIS PROPERTY MORE AFTER REVIEWING THE ATTACHED NOTES ON THE FANNIE MAE 5% EQUITY PROGRAM FOR OWNER OCCUPANTS!!! Rear deck and access contruction will start in early May and done by the end of the month. A charming in-town three level Two-Family available as an excellent investment or an ideal owner occupant with in-place rental income. Take advantage of the new 5% down Fannie Mae financing program recently enacted to benefit multi-family owner occupants. The property has undergone renovations over the past two years and is ready for an upper unit rental or owner-occupant. Please see the attached document for details on the renovations and features of the property.

Affordability — calculate your monthly payment

Adjust your budget to see what's left after housing, utilities and transportation. Numbers below assume a 5% down, 30YrJumbo at 4% APR.

Your estimated payment

$6,566/mo

Real estate (PITI + HOA + PMI): $6,458
Utilities: $508
Transportation: $104
Other (entertainment): $158

Your monthly budget

Budget$7,066/mo

Remaining after TLC$500/mo

Purchase price

$945,000

Down payment

$47,250 (5%)

Loan amount

$897,750

APR

Quick facts

Type

2 Family - 2 Units Up/Down

Style

—

Year built

1850

Lot size

0.57 ac

Stories

Heating

Baseboard, Hot Water, Oil, Common

Cooling

Window Unit(s)

Water

Public

HOA

—

Annual tax

$10,469

MLS #

73191107

County

Essex

At a glance

Basement

Garage (2)

Dishwasher

Home features

Appliances

RangeDishwasherMicrowaveRefrigeratorFreezerWasherDryer

Interior

StorageUpgraded CabinetsUpgraded CountertopsBathroom with Shower StallOpen FloorplanInternet Available - BroadbandInternet Available - Fiber-OpticHigh Speed InternetBathroom With Tub & ShowerRemodeledLiving RoomKitchenFamily RoomLaundry RoomOffice/Den

Exterior

Rain GuttersGarden

Community

Public TransportationShoppingPoolTennis Court(s)ParkWalk/Jog TrailsStable(s)GolfConservation AreaHighway AccessHouse of WorshipPrivate SchoolPublic SchoolT-StationSidewalks

Parking

Paved DriveOff StreetCommon

Flooring

Wood, Tile, Hardwood

Roof

Shingle

Sewer

Private Sewer

Lot features

Easements, Level

Schools

Elementary

Winthrop

Middle

Winthrop

High

Hwrhs

Neighborhood — 01982

Metric	This ZIP	County	USA
Population	6,770	6,444,931	299,088,112
Population Change Since1990	7.00%	7.00%	20.00%
Population Density	433	786	—
Male	3,300	3,127,134	147,432,321
Female	3,470	3,317,797	151,655,844
Never Married	1,095	1,612,885	63,775,926
Married	3,437	2,586,314	123,120,365
Separated	154	247,857	12,639,686
Widowed	314	363,594	15,467,586
Divorced	280	436,888	23,075,029
Number Of House Hold	2,443	2,431,591	111,826,380
Average House Hold Size	2.76	2.56	2.60
Medial Age	40.95	37.25	35.46
Median House Hold Income	$83,078	$57,698	$48,276
Average House Hold Income	$114,015	$75,023	$63,629
P C I	$41,382	$29,196	$24,529
M D I	$66,160	$48,105	$41,133
A T H E	$77,904	$57,083	$50,898
S T R	5.00%	5.00%	—
W C J	81.80%	81.38%	77.74%

(Zip) Code

1982

Data via Certihomes neighborhood index. Comparisons across this ZIP, county and the United States.

Map & walkability

Walk Score

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Listing information last refreshed 1/5/2024. Provided courtesy of the listing office via MLSPIN. Information deemed reliable but not guaranteed.