This hidden gem was built in 1915 and housed Cady's Bakery, one of the first bakeries on Nantucket. The property is tucked off Main Street down a shell way, offering an unexpectedly private and quiet location, yet close to downtown shops and restaurants. The house is larger than expected offering an open floor plan with cathedral ceilings, stone gas fire place, and 4 bedrooms (2 with vaulted ceilings), and 4 bathroom (3 bedrooms are ensuite). Many details of the building were preserved including exposed beams and a sliding barn door. New elements include central AC, a gas fireplace, a covered porch, a finished lower level, and multiple stone patio areas outside for eating and lounging. Additional updates include a new cedar roof, copper gutters, exterior lighting, a gas line for the grill, a shed, and a foot bath/ dog wash. The property has a spacious covered porch and 3 patios, one is located in the front yard offering a sunny spot for early morning light, another in the side yard providing a perfect spot to enjoy the afternoon sun and a third patio is located off the living room for alfresco dining. The patios are connected by a fenced in yard. The current owner converted the property from a condo to a fee-simple ownership and installed dedicated utilities.
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Our Executive Mortgage Banker:
Our Executive Mortgage Banker:
Our Insurance Division:
$4,750,000
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 | $3,800,000 | $3,800,000 | $3,800,000 |
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 | N/A | N/A | N/A |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $21,576 | $23,707 | $31,811 |
Total Monthly Payment | $21,701 | $23,832 | $31,936 |
* 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.