EDGARTOWN POST & BEAM - 5 Bedroom lot. Delightful home, wonderful atmosphere. Set on lovely 1 acre lot, abutting 70ac of Common Land, room for expansion. Beautiful honey colored posts & beams create very warm interior & open floor plan. Ground floor living room, double height ceilings & numerous windows, open to kitchen, leads to mahogany deck & expansive yard. Ground floor bed w/pine floors & exposed beams. Full bath w/tub|shower. Upstairs, large loft|den|office. Skylights. Gallery overlooking living room. Full basement. Five (5) bedroom septic system. Develop existing structure to five (5) bedroom home. Build larger, four (4) Bedroom home & convert existing home to guest house. Subject to ZBA approvals. Low maintenance exterior. Terrific location for Long Point Wildlife Refuge & Beach, Vineyard Golf, MV Airport, Morning Glory Farm, South Beach, walks through Common Land or State Forest. Close to bike path. Ease of access to all island towns. Contents may be purchased separately.
Type | Level |
---|---|
Dining Room | First |
Kitchen | First |
Living Room | First |
Master Bedroom | First |
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Our Executive Mortgage Banker:
Our Insurance Division:
$1,399,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
Senior Vice President - Coaching & Strategic
William Raveis Mortgage, LLC
Phone: 203.980.8025
Frank.Kolb@raveis.com
NMLS Mortgage Loan Originator ID 81725
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $1,119,200 | $1,119,200 | $1,119,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.375% | 6.125% | 5.625% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.769% | 6.270% | 5.864% |
Monthly Tax Payment | $179 | $179 | $179 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $6,267 | $6,800 | $9,219 |
Total Monthly Payment | $6,571 | $7,104 | $9,523 |
* 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. The Total Monthly Payment does not include the estimated HOA/Common Charge payment.