Properties in Manchester-by-the-Sea typically require jumbo financing with stricter underwriting, larger down payments (20–25%+), and higher reserve requirements.
Learn about loan thresholds, property condition impact, flood/wind insurance, and how vintage homes (common in many MA towns) affect mortgage approval.
Exclusive North Shore coastal community with luxury homes, yacht club, and affluent residents
Manchester-by-the-Sea is North Shore luxury—exclusive coastal community, yacht club, high-end homes, and residents who chose prestige over convenience.
Median home built in 1952. Insurance premiums estimated at $2,505/year. Some older homes may require system updates (electrical, plumbing, HVAC).
Estimate your annual homeowners insurance premium
Leave blank to use town median (1952)
Total insurance cost over 30-year mortgage (equivalent to 0.1% of home value)
This home costs $589 more per year to insure than a newly built home. Over 30 years, that's $17,670 in additional insurance costs.
* Estimates based on Massachusetts state averages and typical underwriting criteria. Actual premiums vary by carrier, coverage limits, deductible, claims history, and credit score. For accurate quotes, contact a licensed insurance agent.
Compare 48 high schools by SAT scores, MCAS proficiency & college enrollment
Break-even math, SALT cap impacts & decision framework for Boston buyers
© 2025 Boston Property Navigator. All rights reserved.
For informational purposes only. Not professional real estate, financial, or legal advice.