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435 Commercial Street, Provincetown, MA, 02657 | $3,998,000
Waterfront Mixed Use Provincetown Property now available for sale. This showpiece has been completely renovated and enjoys its location at 435 Commercial Street Provincetown, Cape Cod, MA, USA. The property includes a first floor retail space (current tenant lease ends Feb 25) that has been structurally reinforced, insulated, sealed, and is metered separately. The second and third floors include a luxury 3 bedroom 3 bath residence that has been completely rebuilt including plumbing and electric. Other upgrades include individual controlled HVAC throughout, all new appliances with warranties, including washer, dryer and wine cooler. The building is fully insulated and has two 50-gallon hot water heaters. The structure is set back from the ocean and is protected by buildings along the east and west sides. Parking amenities include two spots along the west side of the building. Potential for additional building on the Bay. Purchase for investment and or end user. Enjoy the view from one of your three decks! Collect passive income from the first floor, rent out the 3 bedroom residence or use as your Pied-a'-terre! Make your dream Provincetown Home and Investment now! Easy to show!
Features
- Property Type: Mixed Use
- Current Use: Mixed, Retail, Luxury Waterfront Mixed Use Property
- Permitted Use: Mixed, Retail, Luxury Waterfront Mixed Use Property
- Construction: Shingle Siding, Sheet Rock
- Garage: Parking Lot
- Levels: 2
- Heating: Forced Air
- Cooling: Wall Unit(s)
- Approx Lot Sq. Feet: 5,227
- Units: 2
- Zoning: R3
- Year Built: 1880
- Approx Sq. Feet: 2,602
- Acreage: 0.12
- Est. Taxes: $13,448
- Lot Desc: Level
- Water Front: Yes
- Appliances: Electric Water Heater, Water Heater
- MLS#: 22401972
- Website: https://www.raveis.com
/prop/22401972/435commercialstreet_provincetown_ma?source=qrflyer
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888.699.8876
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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
- Offers you pre-approval in minutes!
- Provides a guaranteed closing date that meets your needs
- Has access to hundreds of loan programs, all at competitive rates
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Allen GellermanInsurance Sales Director, William Raveis Insurance
617.686.2668
Allen.Gellerman@raveis.com
Our Insurance Division:
- Will Provide a home insurance quote within 24 hours
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Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable
435 Commercial Street, Provincetown, MA, 02657
$3,998,000
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
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5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
|---|---|---|---|
| Loan Amount | $3,198,400 | $3,198,400 | $3,198,400 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.750% | 6.500% | 6.000% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.844% | 6.597% | 6.158% |
| Monthly Tax Payment | $1,121 | $1,121 | $1,121 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $18,665 | $20,216 | $26,990 |
| Total Monthly Payment | $19,911 | $21,462 | $28,236 |
* 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.
William Raveis Mortgage, LLC, NMLS ID 2630, 7 Trap Falls Road, Shelton, CT 06484
MA Mortgage Lender and Mortgage Broker #MC2630