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Snuggled just three cottages from the beach, this beautifully refreshed and fully furnished seasonal land-lease situation offers an affordable way to capture the essence of carefree coastal life. Ocean views and salt air breezes through a wall of windows are the antidote to a hot summer. Thoughtfully designed to accommodate up to six guests and two cars (rare here), the cottage features three comfortable sleeping spaces along with both an indoor shower and a private outdoor shower after a day on the sand. Inside, the bright and inviting interior blends modern updates with easy-care seaside style, including driftwood-inspired flooring, updated cabinetry, quartz countertops, and newer appliances. Sell-out rental history. Existing rentals in July and August must be honored. The land lease ($8, 325. ) is paid. Additional annual charges for septic, beach and road maintenance, water, electricity, etc. to be billed at the end of summer. Last year they totaled $5003. 55.
| Type | Dimensions | Level |
|---|---|---|
| Kitchen | 13.4 x 8.7 | First |
| Living Room | 13.4 x 19.1 | First |
| Master Bedroom | 11.2 x 9.0 | First |
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.
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Our Executive Mortgage Banker:
Our Insurance Division:
$350,000
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 | $280,000 | $280,000 | $280,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 6.250% | 6.490% | 5.750% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.474% | 6.640% | 5.972% |
| Monthly Tax Payment | $0 | $0 | $0 |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $1,724 | $1,768 | $2,325 |
| Total Monthly Payment | $1,799 | $1,843 | $2,400 |
* 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.