87 Whalers Walk, Edgartown, MA, 02539 | $585,000
Beautiful . 9 acre lot in a tranquil residential neighborhood, ideally located near Morning Glory Farm, Vineyard Golf Club, the bike paths to Edgartown Village, South Beach, and up-island. A unique chance to build your Martha’s Vineyard home in a private yet convenient Edgartown location. This property is subject to M. G. L. Chapter 40A Section 6 of the Affordable Homes Act: a single-family residence not to exceed 1, 850 sq ft of heated living area, with a minimum of 3 bedrooms, no seasonal use or short-term rentals. An ADU, unfinished basement, screened porches, patios, etc. should be independent from the 1, 850 square footage. Edgartown zoning should allow for an additional separate dwelling unit ADU of up to 900 s/f with permitting. This property is not income-restricted. Sewer tie-in is available for up to 7 bedrooms per Edgartown Wastewater Department.
Features
- Amenities: Public Transportation, Shopping, Walk/Jog Trails, Golf, Bike Path
- Zoning: R60
- HOA Fee: $200
- Lot Desc: Rolling Slope, Additional Land Available
- MLS#: 73493894
- Website: https://www.raveis.com
/prop/73493894/87whalerswalk_edgartown_ma?source=qrflyer
Listing by Dawn Bellante courtesy of Sandpiper Realty, Inc. Phone: 508-627-3737
William Raveis Family of Services
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888.699.8876
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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
Our Executive Mortgage Banker:
- Is available to meet with you in our office, your home or office, evenings or weekends
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978-337-3053
Paul.Berrios@raveis.com
Our Insurance Division:
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Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable
87 Whalers Walk, Edgartown, MA, 02539
$585,000
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 Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
|---|---|---|---|
| Loan Amount | $468,000 | $468,000 | $468,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 6.000% | 6.375% | 5.625% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.374% | 6.524% | 5.866% |
| Monthly Tax Payment | N/A | N/A | N/A |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $2,806 | $2,920 | $3,855 |
| Total Monthly Payment | $2,898 | $3,012 | $3,947 |
* 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. The Total Monthly Payment does not include the estimated HOA/Common Charge payment.
William Raveis Mortgage, LLC, NMLS ID 2630, 7 Trap Falls Road, Shelton, CT 06484
MA Mortgage Lender and Mortgage Broker #MC2630