501 Commercial Street, #U23, Provincetown, MA, 02657 | $1,600,000

Access your private, spacious Three bedroom, Two Bath, light-filled penthouse condominium by your own private elevator (or stairs), and take in the panoramic views of Cape Cod Bay, punctuated by the Long Point lighthouse, MacMillan Pier, the Hopper House in Truro and beyond. Situated alone on the top floor, with no units beside or above, this 1, 150 sq foot aerie has a large southeast facing deck with access from the living room and from the primary bedroom. From the deck, head down the stairs to the private access sandy beach for a stroll, to pick up shells, swim or simply soak in the salt air. Back inside, watch the moon rise, delight in the rooftop views of Provincetown's east end and enjoy the comings and goings on Commercial Street. Attractively finished in seaside whites and blues, with windows facing both street and Bay, providing light and variability, the floor plan is cleverly designed for accommodating guests - far away from the primary suite and living areas. While move-in ready, this condo is a work in progress. Substantial work has been done at the Ice House and the project is ongoing. This unit has been refreshed but a complete renovation was put on hold, giving. . . new owners the opportunity to make it their own. The assessment for new windows, doors, trim has been paid and installation is pending. Dedicated in-unit heat pump HVAC was installed in 2023. There is a washer/dryer in the condo and parking is assigned ensuring ease. Pets for owners are permitted. You'll love living at the Ice House and will enjoy the benefits of year-round living in the East End including the specialty grocery stores, restaurants, galleries, theater and more.

Features

  • Parking: 1-car
  • Heating: Forced Air
  • Levels: 1
  • Rooms: 5
  • Bedrooms: 3
  • Baths: 2 full
  • Year Built: 1900
  • Common Charge: $3,786 Quarterly
  • Approx Sq. Feet: 1,150
  • Acreage: 0.79
  • Est. Taxes: $3,899
  • Lot Desc: South of 6A
  • View: Bay, Salt, Beach Front
  • Water Front: Yes
  • Appliances: Water Heater, Electric Water Heater
  • MLS#: 22404643
  • Website: https://www.raveis.com
    /prop/22404643/501commercialstreet_provincetown_ma?source=qrflyer
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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

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501 Commercial Street, #U23, Provincetown, MA, 02657

$1,600,000

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

5/6 (30 Yr)
Adjustable Rate Jumbo*
30 Year
Fixed-Rate Jumbo
15 Year
Fixed-Rate Jumbo
Loan Amount $1,280,000 $1,280,000 $1,280,000
Term 360 months 360 months 180 months
Initial Interest Rate** 5.000% 5.875% 5.625%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 6.963% 5.983% 5.805%
Monthly Tax Payment $325 $325 $325
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $6,871 $7,572 $10,544
Total Monthly Payment $7,321 $8,022 $10,994

* 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.  The Total Monthly Payment does not include the estimated HOA/Common Charge payment.