38 Long Pond Drive, Nantucket (Madaket), MA, 02554 | $3,450,000

Welcome to your island oasis on Long Pond. Situated on one acre, this property consists of two structures and offers incredible potential. The main house features 4 bedrooms and 3. 5 bathrooms, as well as an open and spacious main floor living area and a large kitchen, perfect for entertaining. Outside, there are beautiful gardens, an open backyard, and a deck that spans the length of the house, offering a stunning view of the serene pond. This is a rare opportunity, with the last pond-front home having sold in 2018. The property is perfectly positioned to enjoy early morning sunrises across the conservation land, watch the many seabirds come and go, and soak in those famous Madaket sunsets. First Floor This level has three full bedrooms, each with exterior access to the backyard and sharing two full bathrooms. The laundry room, flex space, and storage complete this well-designed floor plan. Second Floor Embedded into the slope of the property, the ground-level entrance provides an immediate open view of the pond as you enter through the front door. The entire area is vaulted and features two sitting areas with a gas fireplace, a spacious dining and kitchen area, a powder room, as well as the primary suite with a bathroom and walk-in closet. Other Structures See the description for the second dwelling, which offers over 900 square feet above the oversized garage and the flex space off the side of the garage, spilling out onto the patio. The shed built in 2018 sits at the 50' conservation buffer zone. Secondary Dwelling Total Rooms: 2 Bedrooms: 0 Bathrooms: 0 Square Feet (GLA): 948 sqft Constructed in 2003 as an over-sized two-car garage, this building offers a spacious second-floor area. Adjacent to the two garage bays is versatile first-floor space that opens up to the garden patio just steps from the house. The building is equipped with power, AC, and heating. There is great untapped potential in this structure.

Features

  • Town: Nantucket
  • Rooms: 9
  • Bedrooms: 4
  • Baths: 3 full / 1 half
  • Style: Ranch
  • Year Built: 1984
  • Garage: 2-car
  • Heating: Forced Air
  • Cooling: Central Air
  • Basement: Finished
  • Approx Sq. Feet: 3,394
  • Acreage: 1.09
  • Est. Taxes: $7,936
  • View: Lake/Pond
  • Water Front: Yes
  • School District: Nantucket
  • Appliances: Tankless Water Heater
  • MLS#: 22403340
  • Website: https://www.raveis.com
    /eprop/22403340/38longponddrive_nantucket_ma?source=qrflyer
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Melissa CohnRVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 16953

917.838.7300

Melissa.Cohn@raveis.com

Our Executive Mortgage Banker:

  • Is available to meet with you in our office, your home or office, evenings or weekends
  • Offers you pre-approval in minutes!
  • Provides a guaranteed closing date that meets your needs
  • Has access to hundreds of loan programs, all at competitive rates
  • Is in constant contact with a full processing, underwriting, and closing staff to ensure an efficient transaction

Sarah AlvarezVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 1880936

347.223.0992

Sarah.Alvarez@Raveis.com

Our Executive Mortgage Banker:

  • Is available to meet with you in our office, your home or office, evenings or weekends
  • Offers you pre-approval in minutes!
  • Provides a guaranteed closing date that meets your needs
  • Has access to hundreds of loan programs, all at competitive rates
  • Is in constant contact with a full processing, underwriting, and closing staff to ensure an efficient transaction

Allen GellermanInsurance Sales Director, William Raveis Insurance

617.686.2668

Allen.Gellerman@raveis.com

Our Insurance Division:

  • Will Provide a home insurance quote within 24 hours
  • Offers full-service coverage such as Homeowner's, Auto, Life, Renter's, Flood and Valuable Items
  • Partners with major insurance companies including Chubb, Kemper Unitrin, The Hartford, Progressive,
    Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable

38 Long Pond Drive, Nantucket (Madaket), MA, 02554

$3,450,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Melissa Cohn

RVP, Mortgage Banker

William Raveis Mortgage, LLC

Phone: 917.838.7300

Melissa.Cohn@raveis.com

NMLS Mortgage Loan Originator ID 16953

Sarah Alvarez

VP, Mortgage Banker

William Raveis Mortgage, LLC

Phone: 347.223.0992

Sarah.Alvarez@Raveis.com

NMLS Mortgage Loan Originator ID 1880936

5/6 (30 Yr)
Adjustable Rate Jumbo*
30 Year
Fixed-Rate Jumbo
15 Year
Fixed-Rate Jumbo
Loan Amount $2,760,000 $2,760,000 $2,760,000
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 $661 $661 $661
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $15,671 $17,219 $23,104
Total Monthly Payment $16,457 $18,005 $23,890

* 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.