Welcome to 2 White Elephant Way, a stunning corner lot home in one of Nantucket's most coveted in-town locations. As one of the first two homes offered by this prestigious company, the property boasts a prime spot just across from Lola 41 restaurant, providing effortless access to the town's vibrant shops and restaurants. With a design that beautifully marries historic charm and modern elegance, the home will feature a wrap-around porch perfect for leisurely watching the world go by. Inside, it will include four bedrooms and four and a half bathrooms, all within an open-plan living space ideal for entertaining family and friends. First Floor Step into a welcoming foyer from the wrap-around porch, where a sunlit office with porch views awaits on your left, along with ample closet space in the foyer itself. To the right, you'll find the staircase and a spacious first-floor bedroom complete with an en suite bathroom, dual vanities, and a walk-in closet. The heart of the home lies straight ahead in the open-plan living area. The kitchen, featuring a large island and windows overlooking the porch, flows seamlessly into the dining room and cozy living room, with doors opening directly onto the deck. Adjacent to the dining area is a practical mudroom, laundry room, and powder room, accessible from the side entrance for easy clean-up after beach outings. Second Floor Ascend the staircase to the second level, where the luxurious primary bedroom suite awaits to your left. This suite includes a walk-in closet, two additional closets, a spacious en suite bathroom with dual vanities, a shower enclosure with a bench, and a freestanding soaking tub. Straight ahead and to the right, you'll find two more well-appointed bedrooms, each with its own en suite bathroom, offering comfort and privacy for family or guests.
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Our Executive Mortgage Banker:
Our Executive Mortgage Banker:
Our Insurance Division:
$7,995,000
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
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 | $6,396,000 | $6,396,000 | $6,396,000 |
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 | $0 | $0 | $0 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $36,316 | $39,903 | $53,542 |
Total Monthly Payment | $36,441 | $40,028 | $53,667 |
* 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.