INCREDIBLE WATERFRONT VIEWS OF MILLER BAYOU IN MARTHAS VINEYARD WITH QUICK ACCESS TO THE GULF . THIS IS NOT YOUR TYPICAL RAW LAND LOT - IT COMES WITH WELL OVER $100, 000 OF EXISTING FEATURES. A 2022 INGROUND POOL W BRICK PAVERS , 2021 CONCRETE SEAWALL 136 WATER FRONTAGE, 2021 BOAT DOCK WITH 12, 500LB BOAT LIFT PLUS A FLOATING DOCK TO ACCOMMODATE SMALL WATER CRAFT. SELLER REMOVED ORIGINAL HOME AND HAS ALL BLUEPRINTS , PLANS AND ENGINEERING REPORTS INVESTED $15k PLUS BLUEPRINTS $5k TO BUILD 4000SF RESIDENCE. PHOTOS COMING SOON OF THE HOME (not to be built )YOU WILL SAVE THOUSANDS IN PERMITS, LAND PREP , ELECTRIC AND PLUMBING PLUS LOTS OF TIME. THIS AREA HAS BECOME VERY POPULAR AND IS GROWING QUICKLY WITH CUSTOM BUILT HOMES UNDER CONSTRUCTION.
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Our Executive Mortgage Banker:
Our Insurance Division:
$550,000
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
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $440,000 | $440,000 | $440,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.125% | 6.125% | 4.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.398% | 6.273% | 5.248% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $2,673 | $2,673 | $3,477 |
Total Monthly Payment | $2,765 | $2,765 | $3,569 |
* 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.