This classic Falmouth Heights cottage on an oversized (for the Heights!) lot is adorable as is, or make plans to eventually replace it with your dream home. Perfect timing for you to enjoy the full 2025 spring, summer & fall in this cottage that invokes yesteryear - this home predates the opening of Falmouth Harbor! Lots to talk about here - it is out of the flood zone, not in the Nitrogen Sensitive Area, and it has pre-existing non conformities which open up lots of possibilities if reconstructing. Or enjoy it as the amazing beach cottage that it is & has been since roughly 1900! 4 br, 1. 5 ba, hardwood floors, updated kitchen, corner lot, enclosed outdoor shower, garage to store your beach/boat toys, & natural gas. It has no heat. Large covered porch in the front, covered deck in the back, large (for the Heights) side yard. New roof in 2013. 4BR septic. Walk to Falmouth Heights Beach, Falmouth Yacht Club & Harbor, many restaurants & even Main St. Falmouth Heights is an ideal location to create memories on the Cape, including seeing a Top 10 in the US fireworks show on July 4th, walk to the finish line of the world famous Falmouth Road Race. Can be sold furnished or empty.
Type | Description | Dimensions |
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Kitchen | Countertop(s): Granite,Stove(s): Gas | 14.0 x 21.0 |
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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 | $848,000 | $848,000 | $848,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.500% | 6.375% | 5.875% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.599% | 6.472% | 6.032% |
Monthly Tax Payment | $330 | $330 | $330 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $4,815 | $5,290 | $7,099 |
Total Monthly Payment | $5,270 | $5,745 | $7,554 |
* 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.