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Don't miss this opportunity to own your own slice of seaside paradise in the Chase's Ocean Grove community. Perfectly positioned just one door down from the private beach, this cottage offers the ultimate coastal lifestyle with the sound of the waves and salty ocean air right at your doorstep. Enjoy ocean views from the newly installed deck--an ideal spot for morning coffee or unwinding after a day on the sand. Inside, the cottage is filled with natural light from two skylights, creating a bright and airy atmosphere throughout. A full bathroom adds to the comfort and convenience of this delightful retreat. Set within a seasonal community cherished by generations, this property is open from May 11 through October 20 and offers excellent rental potential. Please note, the cottage is on leased land, and the landowner retains a first right of refusal. Whether you're looking for a personal getaway or an investment opportunity, this coastal gem delivers charm, location, and lifestyle all in one.
| Type | Description | Level |
|---|---|---|
| Kitchen | Skylight, Beamed Ceilings, Flooring - Laminate, Dining Area, Countertops - Paper Based, Deck - Exterior, Exterior Access, Slider, Lighting - Overhead | First |
| Master Bedroom | Closet - Linen, Flooring - Laminate, Window(s) - Bay/Bow/Box | First |
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Our Executive Mortgage Banker:
Our Insurance Division:
$279,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
RVP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 617.281.4872
Kate.Rockett@raveis.com
NMLS Mortgage Loan Originator ID 1500191
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5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
|---|---|---|---|
| Loan Amount | $223,200 | $223,200 | $223,200 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.875% | 6.250% | 5.375% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.324% | 6.398% | 5.614% |
| Monthly Tax Payment | $0 | $0 | $0 |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $1,320 | $1,374 | $1,809 |
| Total Monthly Payment | $1,395 | $1,449 | $1,884 |
* 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.