Sited on one of the highest locations in town, this single family home is being offered for the first time in 70 years. The former home of Provincetown painter Constance Black, it was chosen for her family home and studio due to its exposure to the Cape Light that artists from all over the world strive to capture. In classic Ptown style, the 3 bedroom 2 bath antique home has been added onto over the years to accommodate the Black family. From the Great Room with vaulted ceilings and large wood-burning brick fireplace to the painting studio with generous north facing windows to capture the best light, this home tells the story of Provincetown. The neighborhood around this home has slowly evolved and been updated to become a sought-after location in town for its convenience and privacy, offering residents a community feeling. Tree-lined streets and a higher proportion of single family homes vs condos, this neighborhood is valued for an easy, understated vibe. The home features lovely views of the the colorful expanse of Ptown rooftops. Up here you'll find protection from waterfront exposure, giving you peace of mind. Centrally located and convenient to some of the best shops, restaurants and art galleries Ptown has to offer. The property is being offered 'as is, ' providing you with the opportunity to create your own oasis in the oldest continuous art colony in the country. Plenty of outdoor space for landscaping and gardening. Parking on site.
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Frank.Merola@raveis.com
NMLS Mortgage Loan Originator ID 1020051
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $1,439,920 | $1,439,920 | $1,439,920 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.875% | 6.500% | 6.250% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.335% | 6.612% | 6.433% |
Monthly Tax Payment | $601 | $601 | $601 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $8,518 | $9,101 | $12,346 |
Total Monthly Payment | $9,244 | $9,827 | $13,072 |
* 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.