Located in Nantucket's prestigious Cliff neighborhood, 14 Lincoln Circle is one of the most thoughtfully and meticulously restored homes on the island - not simply renovated, but returned to its original grandeur. Some special highlights are its inlaid wood floors, ten-foot coffered ceilings, built-in cabinetry, rich wood paneling, elaborate trim, and a thoroughly modern kitchen. There are many areas for entertaining, relaxing, or private contemplation. The sunny breakfast room and large formal dining room can accommodate a quiet meal, or a grand dinner party. The basement is a world of its own. Nine-foot ceilings, wood flooring, and an array of amenities take the property over the top. There is a large great room with pool table, and cozy sitting area next to the fire place and beautiful built-in bar. The full bath, steam shower, sauna and exercise studio provide relaxation and rejuvenation. Your wine collection can be kept perfectly in the climate-controlled wine room. The additional storage this basement provides will allow you to keep the rest of the house clutter free. The upper floor of the home provides for the most extensive views available from inside. Of course, you can step out onto the 200 sqft deck to enjoy the views as well. Two en-suite bedrooms and an additional living area round out the space. Not to be overlooked, is the 900+ square foot roof top deck. It is believed to be the largest of any residential property on the island, and is easily accessed from a standard sized staircase leading up from the second floor. As you might expect, the views are spectacular. ~The property is made complete by the new construction of a second dwelling at the rear of the lot. It has open concept floorplan on the main level with living, dining, and kitchen. There is a half-bath and laundry. A large two-bay garage is accessible from this floor. Upstairs are two large bedrooms (one has an en-suite bath), a shared full bath, and a den/bunk room. The den can be closed off and would make an ideal office. ~HDC approval for swimming pool.
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Our Executive Mortgage Banker:
Our Executive Mortgage Banker:
Our Insurance Division:
$23,750,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
RVP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 917.838.7300
Melissa.Cohn@raveis.com
NMLS Mortgage Loan Originator ID 16953
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 347.223.0992
Sarah.Alvarez@Raveis.com
NMLS Mortgage Loan Originator ID 1880936
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $19,000,000 | $19,000,000 | $19,000,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.250% | 7.000% | 6.750% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.481% | 7.103% | 6.915% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $116,986 | $126,407 | $168,133 |
Total Monthly Payment | $117,111 | $126,532 | $168,258 |
* 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.