Welcome to the iconic 354 Main Street, both buildings integral to the vibrant energy of downtown Wellfleet. Originally built in 1875, this historic gem is a true cornerstone of the town. The main building with its expansive front porch and open floor plan, offers endless possibilities. Upstairs, you'll find a 3-bed living space complete with a kitchen, living room and bathroom. This versatile area has most recently served as employee housing and is ready for a new owner to bring it back to glory. With two separate entrances, the upstairs ensures complete privacy and no disruption to the bustling activity downstairs. It currently functions seasonally but with necessary updates, could be used year-round. A second retail space, constructed in 2013, is behind the main house with some private parking spaces. This bright and open space comes equipped with a convenient half bath for employees and full basement for stockroom storage. While it has also been used seasonally it was built with insulation and a mini-split system and is ready for year-round operation. Whether you're a Wellfleetian or a long-time visitor to this charming town, you already know the allure of this property!
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Our Executive Mortgage Banker:
Our Insurance Division:
$995,000
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 | $796,000 | $796,000 | $796,000 |
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 | $391 | $391 | $391 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $4,520 | $4,966 | $6,663 |
Total Monthly Payment | $5,003 | $5,449 | $7,146 |
* 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.