Located in the desirable village of Sconset, this to be updated and expanded classic Cape Cottage is in close proximity to all Sconset has to offer. It's within a short stroll to the beach, the village center and scenic Sconset Bluff Walk. Also nearby to area golf courses, local restaurants and iconic Sankaty Lighthouse. The renovated home will offer a bright redesigned kitchen that opens to south facing decks and a sunny yard . The 1st floor will include two bedrooms and a full bath while the expanded 2nd floor will include two bedroom suites. The basement will be finished to feature a mudroom, laundry and plenty of storage. The newly added one car garage will feature another full bedroom suite above, complete with a kitchenette and separate laundry. HDC approvals are in hand and work has begun but there is still the opportunity to further customize your ideal Nantucket home.
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Our Executive Mortgage Banker:
Our Executive Mortgage Banker:
Our Insurance Division:
$4,450,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 347.223.0992
Sarah.Alvarez@Raveis.com
NMLS Mortgage Loan Originator ID 1880936
RVP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 917.838.7300
Melissa.Cohn@raveis.com
NMLS Mortgage Loan Originator ID 16953
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $3,560,000 | $3,560,000 | $3,560,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.625% | 6.375% | 6.125% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.229% | 6.486% | 6.307% |
Monthly Tax Payment | $424 | $424 | $424 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $20,493 | $22,210 | $30,282 |
Total Monthly Payment | $21,042 | $22,759 | $30,831 |
* 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.