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241 Old Wharf, #91, Dennis, MA, 02639 | $214,999
It is with GREAT pleasure that we are able to announce that Faro's properties, the land owners of Chases Ocean Grove are currently working on proposing a renewal for the Leased land. (see attached document) What does this mean for you? Purchasing a cottage on the beautiful warm watered beaches of Nantucket Sound is in reach. While prices are still affordable we stress to you to make your move now before the cottage prices rise once again. Chases Ocean Grove has an old school original Cape Cod charm. A nostalgic feeling for sure. This cottage sits just 1 door down from the private beach. Enjoy your summers sunbathing, swimming, or sitting underneath the electric awning shaded & comfortably inhaling the sweet salty air. Comfortably sleeps 4 adults on 2 queen beds & a loft for the littles. Some renovation include: 2 skylights, a new slider allowing tranquil ocean views while lounging on the sofa, awning, bathroom remodeled w/new white water resistant wainscoting, fence. The cottage has 2 parking spots, a hard find being on the South side of the Grove. COG sits on leased land and is seasonal from 5/15 to 10/15 Expenses are around 13k a year. Cash sale only.
Features
- Rooms: 2
- Bedrooms: 1
- Baths: 1 full
- Style: Cottage
- Year Built: 1950
- Heating: None
- Cooling: None
- Approx Sq. Feet: 452
- Est. Taxes: $0
- Lot Desc: South of Route 28
- School District: Dennis-Yarmouth
- Appliances: Water Heater
- MLS#: 22405590
- Website: https://www.raveis.com
/prop/22405590/241oldwharf_dennis_ma?source=qrflyer
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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
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860.690.5052
Robert.Reade@raveis.com
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241 Old Wharf, #91, Dennis, MA, 02639
$214,999
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 | $171,999 | $171,999 | $171,999 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 7.375% | 7.125% | 6.125% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 7.474% | 7.282% | 6.412 |
| Monthly Tax Payment | $0 | $0 | $0 |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $1,188 | $1,159 | $1,463 |
| Total Monthly Payment | $1,263 | $1,234 | $1,538 |
* 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