41 Main Street photo 11 / 17

MLS #1294733

41 Main Street

Phillips Head

$59,900

1 Bed
1 Bath
420 sqft
Single Family
Source Listing

Property Details

This prime 3/4-acre property in the heart of Phillips Head offers a rare combination of location and potential, where the true value lies in the expansive land and its commanding views of the Exploits Basin. Whether you are looking for an affordable restoration project or a clean slate for a custom build, this lot provides the perfect canvas for your coastal vision. Key Highlights: Prime Location: Centrally situated in Phillips Head, just minutes from the amenities of Botwood and directly across the street from the public wharf, providing effortless access to the water. Ocean Views: Stunning panoramas of the rugged beauty beside the Bay of Exploits. Versatile Opportunity: Restore: Repair the existing structure to create an economical seasonal getaway or ""home away from home."" Build New: Utilize the large 3/4-acre lot to design a custom residence with unobstructed water views. Outdoor Lifestyle: Steps from the ocean and the historic Phillip's Head Gun Battery trails, perfect for boating, fishing, and coastal hiking. Terms: Property is being sold ""AS IS; WHERE IS,"" reflecting the significant value held in the land and its premium location. This property is a standout entry point into the Newfoundland recreational market, offering a rare chance to own a large, water-view lot in a historic coastal community. (id:66441)

Cost To Own

Down payment and monthly ownership estimate

Start with the listing price, then adjust the financing and monthly carrying costs for a practical estimate.

Purchase Price$59,900
Down Payment - 5%$2,995
Interest Rate5.25%

Amortization

Estimated Monthly Cost

$966

Mortgage Payment
$341
Property Tax
$125
Insurance
$150
Utilities
$350
Down Payment
$2,995
Loan Amount
$56,905
Total Interest
$45,396

Estimate only. Final payments depend on lender approval, taxes, insurance, closing costs, and mortgage insurance when applicable.

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