6 Arkansas Avenue, Nantucket (Madaket), MA, 02554 | $2,295,000

Located in desirable Madaket, 6 Arkansas is moments away from the bike path and the west end beaches. With abundant architectural details, this spacious three-bedroom home was designed to resemble an 18th-century antique. Featuring a first-floor bedroom and multiple spacious living spaces, it totals 3, 292 square feet. The property has a six-bedroom septic system and has additional ground coverage. This is being sold “AS IS, ” with no representations or warranties made by the seller. Buyer shall be responsible for customary buyer closing costs.

Features

  • Town: Nantucket
  • Rooms: 10
  • Bedrooms: 3
  • Baths: 3 full / 1 half
  • Year Built: 1966
  • Heating: GFHA
  • Basement: The full unfinished basement has 10' ceilings and has about 2, 400 square feet of unfinished space. There is a fireplace, rough plumbing for radiant heat, and a walk-out exterior staircase, making it an excellent opportunity for additional living space.
  • Approx Sq. Feet: 3,292
  • Acreage: 1.42
  • Est. Taxes: $10,921
  • Lot Desc: 1) Lot 878 is subject to deed restrictions that no structures that will be constructed on said lot; and subject also to rights in common with others entitled thereto, to use said Lot 878 for park, welfare, and recreational purposes. 2) Title V report available. Seller will provide plans and permit for the required IA septic system, but buyer will be responsible for the upgrade., Yes
  • View: None, Res
  • Property#: 92777
  • Days on Market: 26 days
  • Website: https://www.raveis.com
    /prop/92777/6arkansasavenue_nantucket_ma?source=qrflyer
Listing information has been assembled from various sources of varying degrees of reliability. Any information critical to the buying decision should be independently verified.Listing courtesy of Great Point Properties

William Raveis Family of Services

Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.

Customer Service

888.699.8876

Contact@raveis.com

Our family of companies offer our clients a new level of full-service real estate. We shall:

  • Market your home to realize a quick sale at the best possible price
  • Place up to 20+ photos of your home on our website, raveis.com
  • Provide frequent communication and tracking reports showing the Internet views your home received on raveis.com
  • Showcase your home on raveis.com with a larger and more prominent format
  • Give you the full resources and strength of William Raveis Real Estate, Mortgage & Insurance and our cutting-edge technology

To learn more about our credentials, visit raveis.com today.

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 DeFlorioVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 1880936

347.223.0992

Sarah.DeFlorio@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

6 Arkansas Avenue, Nantucket (Madaket), MA, 02554

$2,295,000

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 DeFlorio

VP, Mortgage Banker

William Raveis Mortgage, LLC

Phone: 347.223.0992

Sarah.DeFlorio@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 $1,836,000 $1,836,000 $1,836,000
Term 360 months 360 months 180 months
Initial Interest Rate** 5.000% 5.750% 5.500%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 6.048% 5.858% 5.681%
Monthly Tax Payment $910 $910 $910
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $9,856 $10,714 $15,002
Total Monthly Payment $10,891 $11,749 $16,037

* 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.