Welcome to Highland Acres #10 in North Truro. Located bayside of Rt. 6 on the corner of Shore Rd. & Arrowhead Rd. this 1. 5 acre association features a number of unique cottages scattered amongst Cape Cod Pine and shrubs. This gem is located on the bus line for CCRTA. This shuttle runs to and from Provincetown frequently, and ran an extended schedule to 2am in 2024. This back middle cottage is 3 season and features: Two deeded parking spots off Arrowhead Rd. in close proximity to the unit, bright pine floors, fairly new water heater, attached shed, outdoor shower, a 12x5 screened in porch, and paving stone patio with picnic table. Spacious, tall, and well-lit naturally, this bedroom floor plan with a living/dining room split has high ceilings, fresh paint, and is ready for its next chapter. This association runs from April 1-December 2nd annually, with the potential to go year-round eventually. Great retirement, investment, or staff-housing opportunity. Renting and pets are ok. The low condo fees include wifi. The sellers maintain an $800 per year fire insurance policy. Last year the owners did $22, 000. 00 in rentals net. Don't miss out on this great opportunity.
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William Raveis Real Estate
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William Raveis Mortgage, LLC
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Frank.Kolb@raveis.com
NMLS Mortgage Loan Originator ID 81725
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $340,000 | $340,000 | $340,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.250% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.655% | 7.146% | 6.276% |
Monthly Tax Payment | $121 | $121 | $121 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $2,319 | $2,260 | $2,867 |
Total Monthly Payment | $2,515 | $2,456 | $3,063 |
* 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. The Total Monthly Payment does not include the estimated HOA/Common Charge payment.