This is the perfect development site to build out your Nantucket vision. There is just over 20,000 SQFT (.46 acres) of land on this lot located in R10 zoning - which allows for 25% ground cover. The existing 685 SQFT 2bed/1bath cottage being sold as is.
A great opportunity in the mid-island area! Just over 1 mile to Town puts this property close to restaurants, parks, south shore beaches, bike paths, NRTA, island schools, Stop & Shop, and more!
*Cottage currently rented at will for $2,500/month.
21 Fairgrounds Road, Nantucket, (Mid Island), 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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