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Exceptional opportunity to acquire this sprawling 3. 25-acre multifamily property, originally three separate lots, this combined parcel offers the possibility of redivision and additional construction. Making this a unique investment or development opportunity on the outer Cape. The centerpiece is a 2-story Greek Revival main house from the 19th century, currently gutted and primed for renovation while preserving its historic charm. Additionally, a recently fully renovated year-round cottage on the property offers modern amenities such as an all-house generator, hardwood floors, a full basement with laundry, a spacious deck and more. The property has a passed Title 5 septic system designed for an 8-bedroom, with 6 bedrooms existing. Mature fruit trees, lush greenery, and extensive gardens enhance this tranquil setting. Included is a 10-foot-wide deeded easement to Paine Hollow perfect for boating, fishing, and leisure. This offering is Ideal for creating a family estate, horse ranch, working farm, or a unique investment. Explore the potential of this picturesque property today!
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Our Executive Mortgage Banker:
Our Insurance Division:
$1,450,000
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 | $1,160,000 | $1,160,000 | $1,160,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.875% | 6.500% | 6.250% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.335% | 6.612% | 6.433% |
Monthly Tax Payment | $652 | $652 | $652 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $6,862 | $7,332 | $9,946 |
Total Monthly Payment | $7,639 | $8,109 | $10,723 |
* 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.