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All Contractors/Investors - Looking for a beach community south of Rte. 28? This 3 bedroom Ranch needs your touch. This home has access to the water through the many neighborhood right of ways where you can launch your kayak to Washburn island or take advantage of the association community beach just a short few blocks away. There is a local boat ramp right up the street as well. Home is currently gutted down to studs & no working kitchen. Great level fenced lot. 2 sheds. Currently uses propane gas, but gas hookup on the street. Septic is a cesspool & buyer is responsible for testing and updating. This could make a perfect opportunity to make it your own in the wonderful beachside community of Seacoast Shores where you can elect to join at different membership levels starting @ $375 & up to access the Clubhouse, Dining, Pool, Tennis. Mashpee Commons outdoor shopping & Falmouth downtown is minutes away. Home will not qualify for conventional financing - cash sale needed.
Type | Level |
---|---|
Bedroom 2 | First |
Bedroom 3 | First |
Kitchen | First |
Living Room | First |
Master Bedroom | First |
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Frank.Merola@raveis.com
NMLS Mortgage Loan Originator ID 1020051
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $319,200 | $319,200 | $319,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.990% | 6.250% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.815% | 7.159% | 6.538% |
Monthly Tax Payment | $157 | $157 | $157 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $2,124 | $2,122 | $2,737 |
Total Monthly Payment | $2,356 | $2,354 | $2,969 |
* 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.