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Seller will review consider all offers on Monday May 12th. Seller reserves the right to accept an offer at anytime. This historic water view cottage condo comes w/ a dock & mooring. Some sweat equity could make this an even better investment than it already is, (some already in progress since pictures), Condo Docs & Community septic septic installation are in progress or scheduled w/ anticipated completion by July 4th. Cash offers can close once condo docs are complete & holdback funds for septic or wait for completion like any financed Buyer. 4 other WATERFRONT cottages available also with Docks and moorings. Don't miss a chance to own a piece of Cape Cod history. take a walk back in time. Back to a day when families gathered at the Cape Cod cottages & enjoyed the beauty that has been the muse for artists of all mediums. Recreate the the treasured memories your parents & grandparents enjoyed. Patti Pages timeless hit "Old Cape Cod" could well have been inspired by these very cottages.
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Our Executive Mortgage Banker:
Our Insurance Division:
$599,900
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 508.740.5922
Frank.Merola@raveis.com
NMLS Mortgage Loan Originator ID 1020051
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $479,920 | $479,920 | $479,920 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.500% | 6.875% | 5.875% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.058% | 7.063% | 6.132% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,033 | $3,153 | $4,018 |
Total Monthly Payment | $3,125 | $3,245 | $4,110 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first 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.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change. The Total Monthly Payment does not include the estimated HOA/Common Charge payment.