Just a few hundred feet to the sandy beach of Nantucket Sound. Perched higher up on a slight hill (providing great elevation) You'll find this quant cottage that boasts that old school original Cape Cod charm. A nostalgic feeling for sure. The cottage is a 1 bedroom/studio and can sleep as many a 6. With Queen size bunk beds and a pullout sofa. The window in the kitchen awards you ocean views. The front deck provides ample shade on warm summer days and allowing you to sit out front under the the tree, inhaling the salty sea air and providing views to the shuttle waves. A perfect place to create years of memories. Kids, grandkids, friends and family will cherish visiting year after year. Located in Chases Ocean Grove. The cottage is on leased land. A cash sale. Land lease has been paid for the 2024 season. A value of $7500. Total annual fee's will average in a range of 13-15k
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William Raveis Real Estate
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Senior Vice President - Coaching & Strategic
William Raveis Mortgage, LLC
Phone: 203.980.8025
Frank.Kolb@raveis.com
NMLS Mortgage Loan Originator ID 81725
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $123,999 | $123,999 | $123,999 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.875% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.551% | 7.042% | 6.160% |
Monthly Tax Payment | $0 | $0 | $0 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $825 | $815 | $1,046 |
Total Monthly Payment | $900 | $890 | $1,121 |
* 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.