Summer Cottage RIGHT ON THE WATER at Wilbur's point. The master bedroom is good sized w/ a full wall closet and 2 windows. Also on the main level is a twin-size bedroom, a full bath and an eat in kitchen. The sunroom w/ built-in seating is perfect for lounging or additional sleeping space and overlooks the ocean and includes a breakfast bar which takes in those same great views. The second floor features an open floor plan style loft. Nice yard, large deck and outdoor shower. Plenty of parking for up to 8 cars without the need for tandem stacked parking. Title 5 in progress. ZBA has approved a new septic system and plans for a new build on stilts to reduce flood insurance costs. Buy as is and keep it as a season beach cottage or build new & have the option of brand-new construction right on the water. Seller did all the heavy lifting with the zoning board, come and build your new house.
Type | Level |
---|---|
Bedroom 2 | First |
Kitchen | First |
Living Room | First |
Master Bedroom | First |
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5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $479,200 | $479,200 | $479,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.551% | 7.159% | 6.276% |
Monthly Tax Payment | $551 | $551 | $551 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,188 | $3,185 | $4,041 |
Total Monthly Payment | $3,831 | $3,828 | $4,684 |
* 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.