1 Sea Street, Manchester, MA, 01944 | $1,100,000

This newly-created parcel offers a rare opportunity in the heart of Manchester-by-the-Sea. The property boasts sweeping views of the harbor, a "Mary Poppins view" of the downtown, and in the evening, the lights of the iconic MBTS steeple, glowing above the twinkling village. If you are looking to build a stunning home, this property is the ideal landing point. Seller has preliminary designs for 0-energy, 4 BR home with pool. You arrive from either Spy Rock Hill or Sea Street. You will be 1/2 mile from the beach in one direction and 1/2 mile from an exemplary public school in the other. You will be 2 blocks from the train and 2 blocks from a cup of coffee. Utilities are in place. The footings for the foundation are set. It is a head start on something exceptional. Given the geographical elements that give MBTS both its charm and exclusivity, this lot is a unicorn. The heavy lifting of site work is done. The vision is clear, and the walkable lifestyle cannot be beat.

Features

  • Amenities: Public Transportation, Shopping, Tennis Court(s), Park, Walk/Jog Trails, Golf, Medical Facility, Laundromat, Bike Path, Conservation Area, Highway Access, House of Worship, Marina, Private School, Public School, T-Station
  • Zoning: A
  • Lot Desc: Elevated, Sloped, Cleared
  • View: Scenic View(s)
  • MLS#: 73494681
  • Website: https://www.raveis.com
    /prop/73494681/1seastreet_manchester_ma?source=qrflyer
The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein.
Listing by Nest | Syndi Zaiger Group courtesy of Compass   Phone: 617-206-3333

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Kate RockettRVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 1500191

617.281.4872

Kate.Rockett@raveis.com

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1 Sea Street, Manchester, MA, 01944

$1,100,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Kate Rockett

RVP, Mortgage Banker

William Raveis Mortgage, LLC

Phone: 617.281.4872

Kate.Rockett@raveis.com

NMLS Mortgage Loan Originator ID 1500191

5/6 (30 Yr)
Adjustable Rate Jumbo*
30 Year
Fixed-Rate Jumbo
15 Year
Fixed-Rate Jumbo
Loan Amount $880,000 $880,000 $880,000
Term 360 months 360 months 180 months
Initial Interest Rate** 5.500% 6.250% 6.000%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 6.165% 6.349% 6.183%
Monthly Tax Payment N/A N/A N/A
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $4,997 $5,418 $7,426
Total Monthly Payment $5,122 $5,543 $7,551

* 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.