1.96 acres with 118.30 feet of contiguous frontage on Franklin Avenue in West Medford abutting the Middlesex Fells Reservation that presents a unique opportunity for development. The site is mostly open though the perimeter and far western portion of the site are wooded. Most of the site, including the cleared portion, is generally level. The wooded portion of the site to the far west slopes moderately downward to the west. Overall topography ranges from approximately 92 to 114 feet. No engineering has been done; however, the site has no apparent wetlands or exposed ledge and is improved with only small sheds. Public water, sewer, natural gas, and electric service are available on Franklin Avenue. The property is near Medford High School and Mary Kenney Way, a new 10-lot single-family subdivision that is currently under construction. A marketing package and conceptual development plan are available.
Lot Description:
Level, Wooded, Cleared, Gentle Sloping
Buyer Agent Compensation:
2
Facilitator Compensation:
2
Compensation Based On:
Net Sale Price
Sub-Agency Relationship Offered:
No
0 Franklin Ave, Medford, MA, 02155
The rates and annual percentage rate (APR) displayed are based upon the following assumptions: a 20% down payment (e.g. $20,000 down on a $100,000 purchase price), conforming loan amount, $1,950 in finance charges, 30 days prepaid interest, 1 point, 30 day rate lock. The rates and annual percentage rate (APR) will vary depending upon the actual down payment percentages, points and fees for your transaction. Rates and the margin for adjustable rate mortgages [if applicable] are subject to change without prior notice and may vary with your unique credit history, and terms of your loan. The rates displayed vary by property state, may change or not be available at commitment or closing or may be subject to product restrictions.
The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first five years (for a 5/6 ARM) or seven years (for a 7/6 ARM) 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.
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