The Deborah Lucci Team - William Raveis R.E. & Home Services



Posted by The Deborah Lucci Team on 7/16/2018

This Single-Family in Littleton, MA recently sold for $410,000. This Ranch style home was sold by The Deborah Lucci Team - William Raveis R.E. & Home Services.


28 Lochslea Road, Littleton, MA 01460

Single-Family

$410,000
Price
$410,000
Sale Price

7
Rooms
3
Beds
1
Baths
Move right into this wonderful ranch in a great neighborhood. This house checks all the boxes. Updated windows, appliances, slider, Trex deck, and finished basement. Hardwood floors throughout the 1st floor. Conveniently located within a very short walk to the town common and stores. Close to the train station and routes 2 and 495 makes this a commuter's dream. Relax on your private back yard patio with fire pit. Come and enjoy all that Littleton has to offer. This one is not to be missed.

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Categories: Sold Homes  


Posted by The Deborah Lucci Team on 7/16/2018

This Condo in Andover, MA recently sold for $782,129. This Townhouse style home was sold by The Deborah Lucci Team - William Raveis R.E. & Home Services.


10 TAYLOR COVE DRIVE, Andover, MA 01810

Ballardvale

Condo

$769,900
Price
$782,129
Sale Price

7
Rooms
3
Beds
3/1
Full/Half Baths
TAYLOR COVE off of River Street is the newest condominium community in Andover built and developed by one of Andover's finest, quality builders. TAYLOR COVE is situated in a private natural setting conveniently located near the Ballardvale Train Station as well as easy access to Rte 93 via Rte 125. This beautifully designed home includes granite countertops, dishwasher, microwave and a range with direct vent. The first floor has a fireplace and prefinished hardwood flooring, LIVRM, OFFICE, KIT, 1st Floor Master, and Laundry Room. Mid-level FAMRM with fireplace. Two additional spacious Bedrooms (one as a 2nd Master) on the second floor. This is a home for you if you are looking for a quality, well designed home in a natural setting only minutes to everything you need! Total of 32 townhomes.

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Tags: Real estate   Condo   01810   Andover  
Categories: Sold Homes  


Posted by The Deborah Lucci Team on 7/16/2018

Adjustable rate mortgages are also known as “ARM” loans. These are home loans with monthly payments that move up and down along with interest rates and the market. There’s different periods that occur throughout the time of the adjustable loan including an initial period where the rate is fixed for a certain amount of time. The rates will change along with preset intervals of change. 


Rates Start Lower Than Fixed Rate Mortgages


Interest rates during the fixed rate period of an adjustable mortgage are usually lower than that of fixed-rate mortgages. The most common type of adjustable rate mortgage is called the 5/1 ARM. This means that the rate is locked for a total of 5 years before it becomes truly adjustable. After the 5 years the rate will change every year. Other forms of ARM loans are the 3/1, the 7/1, and the 10/1.


Rate Indexes And Margins


Following the fixed-rate period, the interest rate adjusts with what’s titled the index interest rate. This rate is set by the market and is released periodically by an independent party. Since there are a variety of indexes, your loan will state which index your adjustable rate mortgage will follow. To set your exact rate, your lender will look at the index and then add a number of percentage points that has already been set in place. This is called the margin. For example, an index rate of 2.5 percent and a margin of 2 will equal an interest rate of 4.5 percent. As the index changes, this number will go up and down.


Adjustable Rate Mortgages Come With Caps


If you do decide to go with an adjustable rate mortgage, you should know that you’re protected from extreme rate increases. These loans come with caps that limit the amount that both rates and payments can change by. There are several different kinds of caps including:


Periodic Rate Cap

This limits the amount that an interest rate can change from one year to the next.


Lifetime Rate Cap

This type of cap limits how much the interest rate can change overall throughout the life of the loan. 


Payment Rate Cap

This limits how much the monthly payments can rise over the life of the loan in a dollar amount. This is different than other caps, since it denotes dollars instead of percentage points.


Is This Type Of Loan For You?

Adjustable rate mortgages can be good, depending on the state of the economy and your own financial situation. Stay educated and shop around in order to get the best rates available for you.





Posted by The Deborah Lucci Team on 7/13/2018

Step into this gorgeous colonial in a beautiful neighborhood in North Andover. Enter the large foyer into your own private office, formal living room and dining room. Continue on the first floor to the open concept eat-in kitchen with granite island and updated appliances. Large living room with high ceilings, fireplace and sliders onto the deck make this space great for entertaining. Upstairs you will find a large master bedroom with a walk-in closet and gorgeous master bath that was recently remodeled with a soaking tub. Three more large bedrooms and convenient second-floor laundry complete the upstairs. Finished large basement has built-in bookcases, bathroom, and sliders with lots of light that go onto the newly added back patio. Fenced backyard, irrigation system, vinyl siding, new steps, walkway and lighting are just some of the wonderful features on the exterior. Neighborhood has a common play area and field in a great commuter location, convenient to shopping and schools.

More Info on this Property | New Listing Alerts





Posted by The Deborah Lucci Team on 7/12/2018


11 Stinson Road, Andover, MA 01810

Single-Family

$1,349,900
Price

12
Rooms
5
Beds
5
Baths
FABULOUS HOME, STEPS FROM BANCROFT SCHOOL & CLOSE TO PHILLIPS ACADEMY. 12 room Royal Barry Wills Colonial with 5 bedrooms and 4 baths in main house, bonus 2 room suite/or additional bedrooms over garage with a full bath, perfect for guests/au pair suite. NEW GOURMET KITCHEN with custom cabinetry and island, quartzite countertops, Wolf 6 burner cook-top, Franke sink and faucet, Bosch double ovens and dishwasher, custom banquette and buffet area with cherry counter-tops and built-in desk. FIRST FLOOR MASTER SUITE: bedroom with vaulted ceiling, bathroom with 2 person Jacuzzi tub and steam shower, plus study with fireplace and built-ins. Second floor has 4 bedroom and 2 gorgeous bathrooms with custom vanities and high-end finishes. Other details: stone walls and massive granite steps, new brick/bluestone patio with fire pit, cobblestone driveway, copper gutters, custom copper chimney caps, outdoor replica lights a and lovely weather vane distinguish this exceptional property.
Open House
Sunday
July 15 at 12:00 PM to 1:30 PM
Open House on Sunday, July 15th, 12:00-1:30. Joanne Dee of the Deborah Lucci Team will be hosting.
Cannot make the Open Houses?
Location: 11 Stinson Road, Andover, MA 01810    Get Directions

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Categories: Open House