Location is everything, and at 78 Milk Street, you can have it all. Nestled into a beautifully private ½ acre lot, this 6-bedroom Island retreat is the perfect getaway for gathering family and friends for the experience of a lifetime. The best of Nantucket is all within a 2-mile radius of the property, where you will spend your days in the "circle of life, " centered around walks to Downtown, bike rides to Cisco beach, a stop at Bartlett Farm for fresh flowers and provisions, 167 Seafood for the catch of the day and back to home base where a heated pool, firepit, dining pavilion and game room await. Effortless enjoyment and comfort are apparent in every detail with a well-appointed kitchen, a primary bedroom with a loft that doubles as a work-from-home office, and a lower level that serves as a secondary suite, complete with an additional kitchen and living room. Nothing compares to the game room with a cathedral ceiling and loft, four TVs, a pool table, and wet bar. Everything has been thought of in this completely turn-key home. Start making memories today.
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Our Executive Mortgage Banker:
Our Executive Mortgage Banker:
Our Insurance Division:
$6,995,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
RVP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 917.838.7300
Melissa.Cohn@raveis.com
NMLS Mortgage Loan Originator ID 16953
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 | $5,596,000 | $5,596,000 | $5,596,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.250% | 6.875% | 6.750% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.481% | 7.014% | 6.915% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $34,456 | $36,762 | $49,520 |
Total Monthly Payment | $34,581 | $36,887 | $49,645 |
* 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.