Don't miss this rare opportunity to own a historic piece of Provincetown. The Packard Gallery is a beloved landmark on Commercial Street, successfully owned by celebrated artist Anne Packard for the past 35 years. Originally built as a church, this property has been beautifully maintained. Special touches such as the iconic cupola, arched windows and solid steel girder construction are defining features that have stood the test of time. The gallery itself is full of light with hardwood floors, superior acoustics and plenty of storage. In addition to the stunning gallery space, there is a one bedroom unit with full kitchen in the rear of the building with a secluded back patio. There are options to use your imagination, keep or reduce the gallery space with a residential unit or convert back to a private residence as it once was. This unbeatable East End location, steps from the Bay with 4 parking spaces is unheard of. It is truly one of a kind! Seller welcomes offers with requests for buyer concessions.
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$3,200,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 508.740.5922
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 | $2,560,000 | $2,560,000 | $2,560,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.625% | 6.500% | 6.000% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.955% | 6.612% | 6.182% |
Monthly Tax Payment | $860 | $860 | $860 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $14,737 | $16,181 | $21,603 |
Total Monthly Payment | $15,722 | $17,166 | $22,588 |
* 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.