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Discover a rare opportunity on Monomoscoy Island with this premier 1. 24-acre waterfront estate. This expansive property, one of the largest on the ''Island, '' offers 150 feet of saltwater frontage along the Little River with three licensed deep-water docks providing direct access to Waquoit Bay and Vineyard Sound. Located just across the river from the full-service boatyard and only minutes away from the renowned fishing grounds of Vineyard Sound. The estate includes two primary structures. The Original 1950's Ranch: A 1, 500-square-foot home which has undergone extensive renovations and currently offers 2 bedrooms and 2 bathrooms. And the more modern 32'x40' Garage, built in 2011. This structure serves as a boat or car garage with dedicated office and workspace. It also features 1, 368 square feet of finished living space above, plus an additional finished walk-out space below. There are seller owned solar panels on the roof. This building is perfectly suited for guests or separate living quarters. Set within a serene, wildlife sanctuary-like environment, this property offers unmatched privacy and direct access to the magical life on Waquoit Bay and Vineyard Sound!
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$2,995,000
William Raveis Real Estate
Phone: 888.699.8876
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Kate.Rockett@raveis.com
NMLS Mortgage Loan Originator ID 1500191
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5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
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|---|---|---|---|
| Loan Amount | $2,396,000 | $2,396,000 | $2,396,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.500% | 6.000% | 6.000% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.165% | 6.086% | 6.183% |
| Monthly Tax Payment | $1,271 | $1,271 | $1,271 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $13,604 | $14,365 | $20,219 |
| Total Monthly Payment | $15,000 | $15,761 | $21,615 |
* 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.