This R10-zoned area allows for ground coverage (your building footprint) of approximately 3,800 sq ft on this parcel, excluding decks, pools, or courts. The potential for this parcel is vast; a primary home, secondary home, tertiary unit, pool house, or pool are all options. Soil testing results are available, and the soil layers consist primarily of loamy sand, with one layer of sandy clay. The lot has been cleared and is in an established area on the fringe of Surfside. Gray Avenue has seen beautiful new construction homes recently built and sold, comparable to neighborhoods such as Miacomet and Hummock Pond. Town sewer and water are available. This 15,000 parcel abuts an additional 10,000 sq ft lot for sale at 5A Gray, totaling a potential of over 25,000 sq ft.
7 Gray Avenue, Nantucket, (Mid Island), MA, 02554
The rates and annual percentage rate (APR) displayed are based upon the following assumptions: a 20% down payment (e.g. $20,000 down on a $100,000 purchase price), conforming loan amount, $1,950 in finance charges, 30 days prepaid interest, 1 point, 30 day rate lock. The rates and annual percentage rate (APR) will vary depending upon the actual down payment percentages, points and fees for your transaction. Rates and the margin for adjustable rate mortgages [if applicable] are subject to change without prior notice and may vary with your unique credit history, and terms of your loan. The rates displayed vary by property state, may change or not be available at commitment or closing or may be subject to product restrictions.
The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first five years (for a 5/6 ARM) or seven years (for a 7/6 ARM) 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.
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