25 Broadway, Nantucket (Sconset), MA, 02554 | $4,095,000

Let us take you on a journey back in time. . . to an era where craftsmanship, quality and materials are beyond compare. . . to a village trapped in time. . . we call this. . . “where history meets luxury. ” 25 Broadway, a rare offering, steeped in history and in the heart of Sconset Village, this property is seeking its next steward. Fully renovated and restored in 2016 - 2018, with additional recent improvements and upgrades, this home is turn-key and is being offered with furnishings (See Broker for Furnishings list). Not only is the history of the home unique but also the opportunities and configuration. A legal multi-family home, the property features 2 units. Unit 1 is a 3-bed/3-bath and Unit 2 is a 1-bed/1. 5-bath, affording various scenarios to the astute buyer. Host guests and family in a comfortable, attached “guest house”, while you enjoy the space and privacy of the larger unit. Rent out the 1-bedroom unit while you enjoy the luxury of your 3-bedroom, en-suite style residence. Or perhaps a combination thereof as the property has a strong and solid rental history. (See additional information for Summer 2024 lease agreement commitment) 25 Broadway was infused with new life from a meticulous restoration delivering both historic charm and a reimagined interior configuration. The home boasts an abundance of natural light, peeks and views of the ocean and vistas of Sconset Village along with all the amenities and comforts of present-day. Finishes and features include California Closet systems, Geothermal Heat and Central AC systems, Stainless Steel Bosch Appliances, Granite Counters, designer bath and lighting fixtures and much more. On the basement level you will find an abundance of brand-new, custom cabinetry and closets for storage, a dual zone wine cooler, beverage center, finished laundry room and additional finished space. The indoor spaces are complimented by 2 outdoor patio seating and grilling areas, an outdoor shower, and a robust selection of plantings and well-maintained flower boxes that surround and adorn the structure. Just steps to the ‘Sconset Bluff Walk, path to ‘Sconset Beach and everything the village has to offer, this extraordinary property offers you the opportunity to enjoy all there is to the ‘Sconset Village lifestyle. Seller is a Licensed Real Estate Broker in Massachusetts.

Features

  • Town: Nantucket
  • Rooms: 10
  • Bedrooms: 4
  • Baths: 4 full / 1 half
  • Year Built: 1820
  • Heating: Electric
  • Basement: Full basement with utility room (Unit 1). Finished laundry area with brand-new cabinetry (Unit 1). Finished storage areas with brand-new cabinetry, built-ins, beer/beverage storage and dual-zone wine storage (Unit 1). Full basement with utility room, laundry and storage (Unit 2).
  • Acreage: 0.03
  • Property#: 90718
  • Days on Market: 244 days
  • Website: https://www.raveis.com
    /prop/90718/25broadway_nantucket_ma?source=qrflyer
Listing information has been assembled from various sources of varying degrees of reliability. Any information critical to the buying decision should be independently verified.Listing courtesy of Northeast Advisors, Inc.

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Melissa CohnRVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 16953

917.838.7300

Melissa.Cohn@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
  • Is in constant contact with a full processing, underwriting, and closing staff to ensure an efficient transaction

Sarah DeFlorioVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 1880936

347.223.0992

Sarah.DeFlorio@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
  • Is in constant contact with a full processing, underwriting, and closing staff to ensure an efficient transaction

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 Broadway, Nantucket (Sconset), MA, 02554

$4,095,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Melissa Cohn

RVP, Mortgage Banker

William Raveis Mortgage, LLC

Phone: 917.838.7300

Melissa.Cohn@raveis.com

NMLS Mortgage Loan Originator ID 16953

Sarah DeFlorio

VP, Mortgage Banker

William Raveis Mortgage, LLC

Phone: 347.223.0992

Sarah.DeFlorio@Raveis.com

NMLS Mortgage Loan Originator ID 1880936

5/6 (30 Yr)
Adjustable Rate Jumbo*
30 Year
Fixed-Rate Jumbo
15 Year
Fixed-Rate Jumbo
Loan Amount $3,276,000 $3,276,000 $3,276,000
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 N/A N/A N/A
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $19,118 $20,707 $27,645
Total Monthly Payment $19,243 $20,832 $27,770

* 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.