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25 Way#055, Wellfleet, MA, 02667 | $5,000,000
First time on the market since 1963, the Wellfleet Colony is a piece of Wellfleet history with its eight Mid-Century modern cottages on almost 4 acres. It was designed and built by architects Nathaniel Saltonstall and Oliver P. Morton during the mid-century era on the Outer Cape. It is in a prime location by Chequessett Neck Road, next to the Chequessett Country Club and beautiful Bay Beaches, and close to the harbor and restaurants. Some units offer bay views; others provide golf course views. This is an excellent opportunity for a builder, investor, or someone looking for a business. Please do not enter the property without an appointment. Seller welcomes offers with requests for buyer concessions.
Features
- Property Type: Business w/Real Est
- Current Use: Hotel/Motel, Other
- Permitted Use: Hotel/Motel, Other
- Construction: Other, Other - See Remarks
- Garage: Off Street
- Levels: 1
- Heating: Other
- Cooling: None
- Approx Lot Sq. Feet: 187,744
- Units: 8
- Zoning: Residental
- Laundry: Common Area
- Year Built: 1948
- Approx Sq. Feet: 4,350
- Acreage: 4.31
- Est. Taxes: $9,634
- Lot Desc: Conservation Area, Near Golf Course, Shopping, Public Tennis, Wooded, Irregular Lot, Views
- School District: Nauset
- Appliances: Water Heater, Refrigerator
- MLS#: 22402568
- Website: https://www.raveis.com
/prop/22402568/25way055_wellfleet_ma?source=qrflyer
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888.699.8876
Contact@raveis.com
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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
- Offers full-service coverage such as Homeowner's, Auto, Life, Renter's, Flood and Valuable Items
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Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable
25 Way#055, Wellfleet, MA, 02667
$5,000,000
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 | $4,000,000 | $4,000,000 | $4,000,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.500% | 6.375% | 5.875% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.821% | 6.474% | 6.036% |
| Monthly Tax Payment | $803 | $803 | $803 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $22,712 | $24,955 | $33,485 |
| Total Monthly Payment | $23,640 | $25,883 | $34,413 |
* 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