54 commercial Street, #3,4,5,6, Provincetown, MA, 02657 | $7,495,000

The iconic ''1807 House, '' believed to have been built in the late 1700's, is one of the oldest homes in Provincetown. Throughout its history, from Captain Stephen Nickerson, who built the house, many have called it home and many, during the years it was a guest house, shared its timeless beauty and Cape Cod Bay views. While many original details remain, this home has been thoughtfully brought up to date and styled impeccably. Today, there are four condominium units in the main house, including a grand four bedroom residence that occupies most of the original building. Gorgeous wide pine wood flooring, fireplaces, inviting spacious rooms, a broad, water view front porch and a private patio are just a few of the highlights of this impressive home. Enhancing the flexibility of your enjoyment of the property, there are three additional separate residential condominiums included. Immediately adjacent to the main unit at the western front corner of the building is a recently updated two room water view studio condo, ideal for an in-law, au pair or guest accommodation. To the rear of the building, surrounded by beautifully green grounds, there are two additional, spacious condominiums. There is a comfortable first floor one bedroom apartment with private entrance and a spacious second floor open plan studio unit with fireplace and vaulted ceiling. Arrange to visit this highly coveted west end Provincetown property and imagine how you can enjoy the stewardship of this venerable home into the future.

Features

  • Parking: 5-car
  • Heating: Other, Forced Air
  • Cooling: Other
  • Levels: 2
  • Rooms: 13
  • Bedrooms: 7
  • Baths: 7 full / 1 half
  • Year Built: 1850
  • Common Charge: $1,010 Monthly
  • Approx Sq. Feet: 3,596
  • Acreage: 0.28
  • Est. Taxes: $23,859
  • Lot Desc: Gentle Sloping, Views
  • Appliances: Water Heater, Electric Water Heater
  • MLS#: 22501241
  • Website: https://www.raveis.com
    /prop/22501241/54commercialstreet_provincetown_ma?source=qrflyer
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Frank MerolaVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 1020051

508.740.5922

Frank.Merola@raveis.com

Our Executive Mortgage Banker:

  • Is available to meet with you in our office, your home or office, evenings or weekends
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Allen.Gellerman@raveis.com

Our Insurance Division:

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54 commercial Street, #3,4,5,6, Provincetown, MA, 02657

$7,495,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Frank Merola

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 Jumbo*
30 Year
Fixed-Rate Jumbo
15 Year
Fixed-Rate Jumbo
Loan Amount $5,996,000 $5,996,000 $5,996,000
Term 360 months 360 months 180 months
Initial Interest Rate** 5.500% 6.625% 6.000%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 6.614% 6.727% 6.183%
Monthly Tax Payment $1,988 $1,988 $1,988
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $34,045 $38,393 $50,598
Total Monthly Payment $36,158 $40,506 $52,711

* 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.