"Old Rexhame" speaks for itself, and this "once in your lifetime" offering located at 5 Raleigh Road is no exception. One of the original Country Club Cottages, this spectacular property is steps to the beach and offers water views with the feel of Nantucket or the vibe of the Vineyard. This is a grand coastal property built in 1890 that totals 10 rooms, 5 bedrooms, 3 full baths and 3, 576 square feet of phenomenal living space, the arching brick fireplace greets all guest through the Dutch door entry, followed by ornate period detailing and natural wood wainscotting throughout, this is old world charm at it's finest, there is over 1, 000 sf of covered wrap around porch, and a detached barn/studio/office building at nearly 400 square feet, this home is set high and dry on a corner 12, 400 square foot lot with no flood hazard insurance required and is supported by public water & sewer. This is a very rare opportunity to renovate an existing "Cottage", or build your new dream beach home.
Type | Description | Level |
---|---|---|
Bedroom 2 | Closet, Flooring - Hardwood | Second |
Bedroom 3 | Closet, Flooring - Hardwood | Second |
Bedroom 4 | Closet, Flooring - Hardwood | Second |
Dining Room | Closet/Cabinets - Custom Built, Flooring - Hardwood, Deck - Exterior, Wainscoting | First |
Kitchen | Flooring - Hardwood, Kitchen Island, Deck - Exterior | First |
Living Room | Cedar Closet(s), Closet/Cabinets - Custom Built, Flooring - Hardwood, Wainscoting, Window Seat | First |
Master Bedroom | Closet, Flooring - Hardwood | Second |
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Our Executive Mortgage Banker:
Our Insurance Division:
$2,100,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 339.224.0866
Scott.Petersen@raveis.com
NMLS Mortgage Loan Originator ID 32556
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $1,680,000 | $1,680,000 | $1,680,000 |
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 | $1,024 | $1,024 | $1,024 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $9,408 | $10,344 | $13,951 |
Total Monthly Payment | $10,557 | $11,493 | $15,100 |
* 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.