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This truly delightful and beautifully maintained, classic 1950s cottage condo is ideal for those sun-filled, sandy-toes days of an iconic Cape Cod summer. Biking distance to the famed Rail Trail bikeway path and only minutes to breathtaking Nauset Beach - consistently named a top 10 beach for the entire United States - this incredible opportunity for a 2 bedroom cottage in well-managed Cranberry Cottages cannot be missed. A beloved and well established vacation rental in a community that has existed for 50+ years, this little home is a true piece of Cape Cod that also helps pay for itself should you decide to share it with others. Finally, an affordable, seasonal summer home on the Cape! Open mid April to mid November. Comes furnished. Nauset Beach, First Encounter Beach, Rock Harbor, and Fort Hill all mere minutes from the home. Incredible, highly desirable location!
Type | Dimensions | Level |
---|---|---|
Bedroom 2 | 8.4 x 8.9 | First |
Living Room | 17.3 x 9.8 | First |
Master Bedroom | 8.3 x 8.9 | First |
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Our Executive Mortgage Banker:
Our Insurance Division:
$335,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 508.740.5922
Frank.Merola@raveis.com
NMLS Mortgage Loan Originator ID 1020051
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $268,000 | $268,000 | $268,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.500% | 6.875% | 5.875% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.058% | 7.025% | 6.132% |
Monthly Tax Payment | $168 | $168 | $168 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,694 | $1,761 | $2,243 |
Total Monthly Payment | $1,937 | $2,004 | $2,486 |
* 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.