Find yourself at home in Chilmark with this inviting multi-unit property! Set conveniently on a quiet lot just moments from Chilmark General Store, Squibnocket, Menemsha, and Lucy Vincent Beach, this property has been thoughtfully upgraded for year round use by the current owners with new metal roof, shingles/siding, solar, mini-split AC, and more. The layout of the home includes a three bedroom dwelling on the main level that opens out to a sunny and private backyard. The walkout apartment was recently gut-renovated, features one bedroom plus office/den, and is accessed privately on the opposite side of the house. Both dwellings feature full kitchens and their own laundry. With a superb Chilmark location, this is a rare opportunity to live near the seaside and enjoy all that up-island has to offer!
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$1,585,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
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 Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $1,268,000 | $1,268,000 | $1,268,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.875% | 6.625% | 6.125% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.820% | 6.723% | 6.284% |
Monthly Tax Payment | $148 | $148 | $148 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $7,501 | $8,119 | $10,786 |
Total Monthly Payment | $7,774 | $8,392 | $11,059 |
* 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.