Generational Compound opportunity to own 3 contiguous lots, zoned Commercial Neighborhood, with sweeping harbor views, on a private street ¼ mile from town. Assemblage looks over town pier and Francis Street beach kayak rentals, with the soon to be moved Senior Center between it. Great Harbor Yacht Club borders to the East. Rare to see a Commercially zoned, water view, walk to town, with 8600 sq ft of ground cover allowed on 18,723 sq ft of land. Current parcels include a beautiful 4/3.5 main house, a garage with 1 bedroom apartment above it, and two structures to be moved or taken down on independent buildable lots on Union Street side to either merge into a family compound, or develop into a water view hotel by right. Property viewshed already has 14 properties that have been acquired by the town or the Land Bank, with well publicized plans for enhancements.
2 Shore Road & 54 Union Street, Nantucket, (Town), MA, 02554
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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