A rare seven acres nested in a beautiful pocket between Monomoy and Shimmo with an approved Notice of Intent. ConCom filings can be modified to the vision of new owners. The elevation of 4 Cathcart affords second floor harbor views and rolling topography to enhance the future landscape. The Land Bank beach 1/3 mile down the road offers easy access to the harbor for walking and boating. With glorious Monomoy sunsets and a weave of dirt roads connecting Monomoy to Shimmo and the Polpis Road beach access, this location has so many advantages. 4 Cathcart also abuts four acres of Nantucket Conservation Foundation creating a wonderful nature sanctuary that sings with the chorus of birds and peepers. As one of the last larger offerings of land on the island, this opportunity to build your home in the scale you choose is not to be missed. The property affords generous space for primary and secondary dwellings as well as outbuildings, pool and tennis. You can evolve over time with generations in mind and cultivate a landscape of exquisite privacy. The proposed draft site plan was designed by renown architect Patrick Ahearn.
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Our Executive Mortgage Banker:
Our Executive Mortgage Banker:
Our Insurance Division:
$9,500,000
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 | $7,600,000 | $7,600,000 | $7,600,000 |
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% | 6.898% | 6.915% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $46,795 | $49,927 | $67,253 |
Total Monthly Payment | $46,920 | $50,052 | $67,378 |
* 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.