506 Commercial Street is a beautiful East End, single-family home, recently renovated with the best materials and furnishings. It's located just a short distance to the galleries, shops and restaurants of the East End. The entire first floor has an open-plan design with original pine floors, a gas fireplace with black granite surround, built-in Bose stereo system and original beams. The ''chef's kitchen'' features a custom butternut and walnut backsplash, Vermont quartzite counter tops, custom built white maple cabinetry, a Sub-Zero fridge, Thermador range, Twin Perlick warming drawers and a Perlick wine cooler and ice maker. There is a charming powder room off the kitchen. A large screened in porch enhances the lovely main floor even further for three season dining and entertainment. Upstairs, the large water-view, primary bedroom suite has cathedral ceilings, pine floors and a luxurious bath with shower and separate soaking tub. The walk-in closet has custom built-ins. The guest bedroom has an ensuite shower and bath. There is also a den/office with pocket doors for privacy and a third full bath adjacent. Bathrooms have hickory hardwood floors. This recent renovation is truly a surprising property re-purposed from an iconic antique Provincetown store front. There is Bay beach access right across Commercial Street. The driveway offers parking for three cars. And the wonderfully-sized backyard has mature gardens, irrigation and a large garden shed. This property has an excellent rental history.
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Our Executive Mortgage Banker:
Our Insurance Division:
$2,250,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 508.740.5922
Frank.Merola@raveis.com
NMLS Mortgage Loan Originator ID 1020051
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $1,800,000 | $1,800,000 | $1,800,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.750% | 6.375% | 6.125% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.282% | 6.486% | 6.307% |
Monthly Tax Payment | $852 | $852 | $852 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $10,504 | $11,230 | $15,311 |
Total Monthly Payment | $11,481 | $12,207 | $16,288 |
* 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.