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218 Old Wharf Rd, #235, Dennis, MA, 02639 | $134,999
ATTENTION SNOWBIRDS!!! Your BEST family memories will begin in the summer of 2025 for ONLY $28, 000 a year for the next 9 summers & potentially more! Welcome to 235 Rose & Crown way, A 2 bedroom cottage Located in the seasonal community of Chases Ocean Grove & only about 350 steps to the soft, sandy & warm water private beaches of Nantucket Sound. If you, your family and/or friends are looking for a quaint Cape Cod cottage & looking for everlasting memories, this cottage is the RIGHT investment for you. Where on Cape Cod can you OWN a cottage this close to the beach? Let's layout the details. . . . . The Grove currently has 9 summers left on its lease. (with the potential for the owners to renew. However, it's unknown whether they will or not yet) The annual expenses are around $13k per year (this is subject to change yearly)13k x 9 summers of expenses = $117k & includes: taxes, septic, water, cable, property management & security. The cost of the cottage is $135k + 9 summers of expenses $117k = $252k That is $28k per year! For the ENTIRE SEASON! That's 22 weeks From the middle of May to the Middle of October W/the opportunity to rent out if desired.
Features
- Rooms: 3
- Bedrooms: 2
- Baths: 1 full
- Style: Cottage
- Year Built: 1950
- Heating: None
- Cooling: Other
- Approx Sq. Feet: 388
- Est. Taxes: $0
- School District: Dennis-Yarmouth
- Appliances: Tankless Water Heater
- MLS#: 22404779
- Website: https://www.raveis.com
/prop/22404779/218oldwharfrd_dennis_ma?source=qrflyer
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888.699.8876
Contact@raveis.com
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Frank KolbSenior Vice President - Coaching & Strategic, William Raveis Mortgage, LLC
NMLS Mortgage Loan Originator ID 81725
203.980.8025
Frank.Kolb@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
Robert ReadeRegional SVP Insurance Sales, William Raveis Insurance
860.690.5052
Robert.Reade@raveis.com
Our Insurance Division:
- Will Provide a home insurance quote within 24 hours
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Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable
218 Old Wharf Rd, #235, Dennis, MA, 02639
$134,999
Customer Service
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
Frank Kolb
Senior Vice President - Coaching & Strategic
William Raveis Mortgage, LLC
Phone: 203.980.8025
Frank.Kolb@raveis.com
NMLS Mortgage Loan Originator ID 81725
|
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
|---|---|---|---|
| Loan Amount | $107,999 | $107,999 | $107,999 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 7.000% | 6.990% | 6.250% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 7.477% | 7.159% | 6.498% |
| Monthly Tax Payment | $0 | $0 | $0 |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $719 | $718 | $926 |
| Total Monthly Payment | $794 | $793 | $1,001 |
* 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