20 Bank Street, Wellfleet, MA, 02667 | $1,350,000

Welcome to the Blue Heron Gallery, a captivating fusion of history and possibility just off Main Street at 20 Bank Street in Wellfleet. Established in 1946 as the Orchard Grille, this enchanting cottage became the cornerstone of the Blue Heron Gallery in 1978. Overflowing with character, this versatile property is zoned for both Multi-Use Commercial and Residential purposes. Currently an esteemed art gallery, it offers the potential to transform into a personal sanctuary. Picture awakening to tranquil harbor vistas, each sunrise a brushstroke across your new life. Meticulously nurtured by its current steward, the Blue Heron Gallery stands as a testament to pride of ownership. Recent enhancements, including a newer roof, landscaping, updated windows, and Azek trim, highlight its readiness for the next chapter. Whether you dream of continuing its tradition as a prestigious art venue or embarking on a residential renovation in this unparalleled locale, the Blue Heron Gallery offers an expansive canvas bursting with possibilities. Seize the opportunity to claim a piece of Wellfleet's vibrant history and paint your masterpiece within this timeless setting

Features

  • Property Type: Mixed Use
  • Current Use: Retail
  • Permitted Use: Retail
  • Construction: Barnboard, Other - See Remarks, Sheet Rock, Frame
  • Utilities: Electricity Available, High Speed Internet
  • Garage: Off Street, See Remarks
  • Parking: 10-car
  • Levels: 2
  • Cooling: Central Air
  • Approx Lot Sq. Feet: 11,326
  • Units: 2
  • Zoning: CD
  • Laundry: Washer Hookup, Electric Dryer Hookup
  • Year Built: 1945
  • Approx Sq. Feet: 3,119
  • Acreage: 0.26
  • Est. Taxes: $4,806
  • Lot Desc: Conservation Area, Shopping, Marina, In Town Location, Cleared, Views
  • School District: Nauset
  • Appliances: Electric Water Heater, Water Heater, Electric Range, Refrigerator
  • MLS#: 22402376
  • Website: https://www.raveis.com
    /prop/22402376/20bankstreet_wellfleet_ma?source=qrflyer
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Frank MerolaVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 1020051

508.740.5922

Frank.Merola@raveis.com

Our Executive Mortgage Banker:

  • Is available to meet with you in our office, your home or office, evenings or weekends
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Allen GellermanInsurance Sales Director, William Raveis Insurance

617.686.2668

Allen.Gellerman@raveis.com

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20 Bank Street, Wellfleet, MA, 02667

$1,350,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Frank Merola

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 $1,080,000 $1,080,000 $1,080,000
Term 360 months 360 months 180 months
Initial Interest Rate** 5.500% 6.375% 5.875%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 6.821% 6.474% 6.036%
Monthly Tax Payment $401 $401 $401
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $6,132 $6,738 $9,041
Total Monthly Payment $6,657 $7,263 $9,566

* 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.