Mary Crane, Realtor | Needham, Dover, Medfield, Sherborn, Weston, Wellesley



165 Centre St, Dover, MA 02030

Land

$1,099,000
Price

6.31
Acres
Residential
Land Type
Stunning setting offering amazing protected pastoral views from every window! This single story 3 bedroom mid century home with attached 2 car garage is set on 6 beautiful open acres abutting miles of walking trails. Renovate or build new! This lot cannot be subdivided. Located near the Norfolk Hunt Club Stable. The charming town of Dover is only 25 minutes from Boston, enjoys a low tax rate & Boston Magazine just named Dover's schools #1 in Massachusetts once again.
Open House
No scheduled Open Houses

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If you’re hoping to buy a house in the near future, you’ll want to focus on saving for a down payment.

Down payments are a way to let a lender know that you are a low-risk investment, and a way to save money on interest over the term of your loan.

If you have your other finances in order--a good credit score and stable income--there’s a good chance that making a 20% or more down payment will land you a low interest rate that can save you thousands while you pay off your loan.

How large should my down payment be?

The larger the down payment you can afford, the more money you’ll likely save in the long run. While there are ways to get a loan with no or very small down payments, these aren’t always ideal.

First, if you put less than 20% down on your home loan, you’ll be required to pay private mortgage insurance, or PMI. These are monthly payments that you make in addition to the interest that is accrued on your loan.

So, if you don’t put any money down on your home, you’ll accrue more interest over your term length and you’ll pay PMI on top of that.

What affects your minimum down payment amount?

Lenders take a number of factors into consideration when determining your risk. If you’re eligible for a first-time home owners loan, a veteran’s loan, or a USDA loan, your loan can be guaranteed by the government. This means you can likely pay a lower down payment while still receiving a reasonable interest rate.

When applying for a mortgage, be sure to reach out to multiple lenders and shop around for the rates that work for you. Many lenders use slightly different criteria to determine your eligibility to pay a lower down payment.

Other things that affect your minimum down payment include:

  • Credit score

  • Location of the home you want to buy

  • Value of the mortgage

Saving for a down payment

You’ll get the most value out of your mortgage if you put more money down. However, if you’re currently living in a high-rent area, it could mean that it’s in your best interest to get out of your apartment and start building equity in the form of homeownership.

If you want to buy a home within the next year or two, there are a few ways you can help increase your savings.

First, determine how much you need to save. Depending on your housing needs and the current market, everyone will have different requirements. Do some home shopping in your area online and look for homes that are within your spending limits. Remember that you shouldn’t spend more than 30% of your monthly income on housing (mortgage, property taxes, etc.)

Next, find out what a 20% down payment on that home would be, adjusting for inflation.

Once you have the amount you need to save, remember to leave yourself enough of an emergency fund in your savings account to last you a month or two.


This Single-Family in Dover, MA recently sold for $687,500. This Ranch style home was sold by Mary Crane - CENTURY 21 Commonwealth.


1 Old Meadow Rd, Dover, MA 02030

Single-Family

$750,000
Price
$687,500
Sale Price

8
Rooms
3
Beds
3/1
Full/Half Baths
Charming 3BR 3.5BA ranch with large flat private yard and detached 2 car garage in a walk to Dover Center location. Needs work, selling as is. The charming town of Dover is located 15 miles SW of Boston, enjoys a low tax rate & Boston Magazine just named Dover's schools #1 in Massachusetts once again!

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Privately set up off a scenic country road overlooking beautifully landscaped grounds, this 3BR 3BA Colonial-style farmhouse is in move-in condition. Character and charm abound combined with a new kitchen, updated baths, new deck and screened-in sun porch. First floor offers large fireplaced dining room that opens to terraced back yard and deck. Fireplaced living room and library with built-ins, full bath and first floor bedroom. Custom kitchen with granite and stainless appliances. Second floor offers two additional bedrooms and two full baths. Finished lower level has fireplaced playroom/den, laundry room and pantry, two-car garage. Meticulously cared for yard offers wonderful entertainment/play space and privacy. Proximity to major routes and within walking distance to Hale Reservation are additional features that make this a great value and great choice. Showings to start at Saturday Open House 2-3:30. There will also be an Open House Sunday 2-3:30.

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This enchanting home will make you smile from your first approach as it is the perfect blend of character, architectural interest and modern updates. Highly desirable location close to all that Needham has to offer- train, schools, shops and restaurants. Splashed with an abundance of sunlight, this stunning home offers a beautifully renovated eat in kitchen, a generously sized LR and DR offering plenty of space for entertaining family and friends, six bedrooms and a finished lower level. There are tall ceilings, hardwood floors, generously sized rooms, 3 fireplaces, an inviting deck overlooking the back yard and a wonderful farmers porch. This sparkling home has been tastefully renovated from top to bottom. Highly sought after Needham Center location near Greene's Field playground. Showings to start at Saturday Open House 11:30-1. There will also be an Open House Sunday 11:30-1.

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