16 Straight, #3, Nantucket, MA, 02554 | $975,000

Aunt Leah's Fudge shop is a famous world renowned Nantucket landmark located on Straight Wharf, minutes from the Hy-Line boat line. Aunt Leah has been making the best fudge in the world'' for over 30 years and has well over 45 fudge creations. She ships her famous creations all over the world. Her products are featured in hotels, inns, gift shops, and resorts. She ships off island and offers her products wholesale to businesses. Aunt Leah fills special orders for bridal showers, weddings, birth announcements, birthdays, and other special event. Aunt Leah has won many awards and has been featured in Cape Cod Life, Phantom Gourmet, In Style, Martha Stewart's wedding magazines, and the Chronicle show. This unique business, currently under lease, is presently available for purchase.

Features

  • Property Type: Business
  • Current Use: Food Services, Fudge Manufacture And Sales
  • Permitted Use: Food Services, Fudge Manufacture And Sales
  • Construction: Shingle Siding, Sheet Rock, Frame
  • Garage: On Street
  • Levels: 2
  • Cooling: Wall Unit(s)
  • Approx Lot Sq. Feet: 3,049
  • Units: 1
  • Zoning: CDT
  • Year Built: 1976
  • Approx Sq. Feet: 2,428
  • Acreage: 0.07
  • Est. Taxes: $34,666
  • Lot Desc: In Town Location
  • School District: Nantucket
  • Appliances: Electric Water Heater, Water Heater
  • MLS#: 22302558
  • Days on Market: 327 days
  • Website: https://www.raveis.com
    /prop/22302558/16straight_nantucket_ma?source=qrflyer
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Melissa CohnRVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 16953

917.838.7300

Melissa.Cohn@raveis.com

Our Executive Mortgage Banker:

  • Is available to meet with you in our office, your home or office, evenings or weekends
  • Offers you pre-approval in minutes!
  • Provides a guaranteed closing date that meets your needs
  • Has access to hundreds of loan programs, all at competitive rates
  • Is in constant contact with a full processing, underwriting, and closing staff to ensure an efficient transaction

Sarah AlvarezVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 1880936

347.223.0992

Sarah.Alvarez@Raveis.com

Our Executive Mortgage Banker:

  • Is available to meet with you in our office, your home or office, evenings or weekends
  • Offers you pre-approval in minutes!
  • Provides a guaranteed closing date that meets your needs
  • Has access to hundreds of loan programs, all at competitive rates
  • Is in constant contact with a full processing, underwriting, and closing staff to ensure an efficient transaction

Allen GellermanInsurance Sales Director, William Raveis Insurance

617.686.2668

Allen.Gellerman@raveis.com

Our Insurance Division:

  • Will Provide a home insurance quote within 24 hours
  • Offers full-service coverage such as Homeowner's, Auto, Life, Renter's, Flood and Valuable Items
  • Partners with major insurance companies including Chubb, Kemper Unitrin, The Hartford, Progressive,
    Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable

16 Straight, #3, Nantucket, MA, 02554

$975,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Melissa Cohn

RVP, Mortgage Banker

William Raveis Mortgage, LLC

Phone: 917.838.7300

Melissa.Cohn@raveis.com

NMLS Mortgage Loan Originator ID 16953

Sarah Alvarez

VP, Mortgage Banker

William Raveis Mortgage, LLC

Phone: 347.223.0992

Sarah.Alvarez@Raveis.com

NMLS Mortgage Loan Originator ID 1880936

5/6 (30 Yr)
Adjustable Rate Jumbo*
30 Year
Fixed-Rate Jumbo
15 Year
Fixed-Rate Jumbo
Loan Amount $780,000 $780,000 $780,000
Term 360 months 360 months 180 months
Initial Interest Rate** 6.125% 6.875% 6.625%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 7.430% 7.014% 6.790%
Monthly Tax Payment $2,889 $2,889 $2,889
H/O Insurance Payment $92 $92 $92
Initial Principal & Interest Pmt $4,739 $5,124 $6,848
Total Monthly Payment $7,720 $8,105 $9,829

* 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.