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Presented by![]() Rose McWaid |
ESCAPE TO THIS TRANQUIL COASTAL PROPERTY! Welcome to 5 & 7 Shawmut St. , offering TWO move-in ready year round cottages, both with water views. If you are seeking a property suitable for multi-generational living, a seasonal retreat or perhaps an investment property, this may be the one for you. These cottages offer a two bedroom/one full bath and one bedroom/one full bath, both with kitchens and living rooms. The larger of the two has an oversized one car garage/work shop with plenty of storage space. Off this garage you enter through a mudroom/laundry area. Some updates include storm doors, interior paint, gutters & refinished hardwoods. Close proximety to shopping, restaurants, beaches, bike path & walking trails. Both cottages are serviced by town sewer. There are solar panels on the larger cottage, electricity savings is a plus! A little TLC will go a long way! Tucked away on a dead-end road with water views for miles. This unique opportunity awaits! Don't miss this one!
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Our Executive Mortgage Banker:
Our Insurance Division:
$460,000
Luxury Properties Specialist
William Raveis Real Estate
Phone: 860.573.0667
Rose.McWaid@Raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 203.641.8287
Dave.Beckman@raveis.com
NMLS Mortgage Loan Originator ID 10930
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $368,000 | $368,000 | $368,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.125% | 6.875% | 5.750% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.906% | 7.025% | 6.026% |
Monthly Tax Payment | $331 | $331 | $331 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $2,236 | $2,418 | $3,056 |
Total Monthly Payment | $2,642 | $2,824 | $3,462 |
* 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.