521 Commercial Street, #U2, Provincetown, MA, 02657 | $1,470,000

Here it is. . . no more searching for your perfect condo property . . . a 2bdrm, 2fb, 980 sf condo on the waterfront! Located in the East End near St Mary's , this popular spot provides many amenities buyers look for in a Provincetown getaway and investment. The 4-unit association is professionally managed with reasonable fees. The Seller has even paid for a new roof and skylights to be installed soon . You will find the open living space of dining, living and kitchen with cathedral ceiling, full of light with custom cordless blinds. Enjoy excellent views of the harbor wile dining inside and out on the deck. The wraparound decking outside is generous and even allows for water views as well from the primary bedroom, complete with ensuite full bath w/shower. . The guest bedroom is generously sized as well with another full bath with shower/tub just outside the bedroom. Even the laundry and extra storage are tastefully located in a small enclosed area off the hall for convenience and noise reduction. An additional loft space in the cathedral ceiling area provides additional storage as well. The association allows rentals and pets. Seller offering financial stimulus to Buyers.

Features

  • Cooling: Other
  • Levels: 1
  • Rooms: 4
  • Bedrooms: 2
  • Baths: 2 full
  • Laundry: Laundry Room
  • Year Built: 1850
  • Common Charge: $488 Monthly
  • Approx Sq. Feet: 980
  • Acreage: 0.05
  • Est. Taxes: $4,556
  • Lot Desc: In Town Location, Medical Facility, Major Highway, House of Worship, Shopping, Level, Views, N/A
  • View: Bay, Salt, Private, Harbor, Deep Water Access, Beach Front
  • Water Front: Yes
  • Pets Allowed: Yes
  • Appliances: Water Heater, Electric Water Heater
  • MLS#: 22404841
  • Website: https://www.raveis.com
    /raveis/22404841/521commercialstreet_provincetown_ma?source=qrflyer
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Lee AshLuxury Properties Specialist

508.237.6342

Lee.Ash@raveis.com

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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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521 Commercial Street, #U2, Provincetown, MA, 02657

$1,470,000

Lee Ash

Luxury Properties Specialist

William Raveis Real Estate

Phone: 508.237.6342

Lee.Ash@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 $1,176,000 $1,176,000 $1,176,000
Term 360 months 360 months 180 months
Initial Interest Rate** 5.375% 6.125% 5.625%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 6.987% 6.234% 5.805%
Monthly Tax Payment $380 $380 $380
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $6,585 $7,146 $9,687
Total Monthly Payment $7,090 $7,651 $10,192

* 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.