Offer Deadline: Highest & Best by 5PM Sunday. Direct oceanfront on Humarock Beach with breathtaking, unobstructed Atlantic Ocean views! Rare opportunity to create the beach home you’ve always imagined, where vision and effort combine to unlock incredible potential. While the home requires updating & repairs, it offers strong fundamentals including a newer roof (approx. 4 years), double-pane windows, covered deck wrapping 3 sides, structurally sound. There is a seawall between the home and the beach. This 2 story home features 4 Bedrooms w/ hardwood flooring & 2 Full Baths. The expansive Living Room showcases stunning ocean views, a stone fireplace w/ gas heater, built-in seating, hardwood floors & beautiful woodwork and opens to a large Dining Room also with hardwood floors & woodwork. Kitchen w/pantry & natural gas range/heater. Property is being sold as-is. Septic will be Buyers responsibility. CASH BUYERS only as traditional financing will not work for this one due to repairs needed
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Our Executive Mortgage Banker:
Our Insurance Division:
$899,900
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 508.335.8179
Michael.Cartier@raveis.com
NMLS Mortgage Loan Originator ID 1017266
|
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
|---|---|---|---|
| Loan Amount | $719,920 | $719,920 | $719,920 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.375% | 6.125% | 5.875% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.117% | 6.235% | 6.058% |
| Monthly Tax Payment | $700 | $700 | $700 |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $4,031 | $4,374 | $6,027 |
| Total Monthly Payment | $4,823 | $5,166 | $6,819 |
* 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.