Attention rehabbers, investors, and future vacation homeowners!! Unlock the potential of this delightful cottage ideally located on Vacation Lane in the heart of West Yarmouth!! This quintessential beach home, with scenic views of Big Sandy Pond right from the front yard, offers an incredible opportunity for investors, rehab enthusiasts, and those seeking a serene retreat. While the cottage requires extensive renovations, it is priced to reflect the opportunity to truly make it your own. It's an ideal canvas for those looking to add personal touches or undertake a rewarding project. This property is a rare find, offering both the charm of a classic beach home and the appeal of a customizable project. Seize the chance to create your dream vacation home or a lucrative investment on scenic Cape Cod. **Sale is subject to Buyer paying up to $5, 000 probate fee due only upon successful closing**
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Our Executive Mortgage Banker:
Our Insurance Division:
$389,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
Senior Vice President - Coaching & Strategic
William Raveis Mortgage, LLC
Phone: 203.980.8025
Frank.Kolb@raveis.com
NMLS Mortgage Loan Originator ID 81725
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $311,200 | $311,200 | $311,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.375% | 6.990% | 6.250% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 8.011% | 7.171% | 6.538% |
Monthly Tax Payment | $229 | $229 | $229 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $2,149 | $2,068 | $2,668 |
Total Monthly Payment | $2,453 | $2,372 | $2,972 |
* 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.