Set along the shores of Falmouth Heights, this exquisite 2 bed, 2. 5 bath condo embodies coastal elegance with breathtaking views of the Sound overlooking Martha's Vineyard. Park in the lower-level garage and ride the elevator up to your door. Enter into the open living / dining room and adjacent renovated kitchen complete with white cabinetry, stainless appliances, sleek Quartz countertops and a breakfast bar for casual dining. The ocean breeze drifts through the open sliders and natural light floods the space granting stunning vistas of the blue waters beyond. The expansive 40' deck provides a prime viewing spot for the 4th of July fireworks and the Falmouth Road Race. The 2 bedrooms are havens of comfort and relaxation, each with its own access to the deck. Imagine waking up to the sun rising over the horizon or falling asleep to the soothing sound of waves splashing below. The 2 full en suite baths are elegantly designed. In unit laundry and a guest half bath complete this space. Terrace Gables, set on an acre atop Falmouth Heights, has a Gunite pool, ample guest parking, and is conveniently located near Falmouth Heights Beach, restaurants, and the Falmouth Yacht Club. No pets.
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Our Executive Mortgage Banker:
Our Insurance Division:
$1,295,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
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 | $1,036,000 | $1,036,000 | $1,036,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.375% | 6.250% | 5.750% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.550% | 6.346% | 5.907% |
Monthly Tax Payment | $510 | $510 | $510 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $5,801 | $6,379 | $8,603 |
Total Monthly Payment | $6,436 | $7,014 | $9,238 |
* 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.