Set on a very private 2. 18+/- parklike gated acres, this grand and stately post-modern features 4 large bedrooms (with 2 additional bonus rooms) and 4. 5 baths across an expansive 4200+/- sf. The floor plan is easy to love as you embrace the seamless flow of indoor and outdoor living from the glorious front porch to the large deck off the kitchen, living room and primary suite. Upon entering the double-height foyer one is immediately drawn to the grand cascading staircase leading to the second floor. The stunning double-story living room with its grand fireplace is flooded with light from the floor to ceiling windows and doors leading out to the expansive backyard with a 17 X 33 in-ground pool with a brand new liner and piping. The open kitchen will delight all chefs and overlooks both the formal dining room and living room making entertaining a breeze. The primary bedroom suite with its tray ceiling is located on the main level and features his and her walk-in closets, a large windowed marble bathroom, and French doors leading out to a covered porch. There is a junior primary ensuite located on the second level along with 2 additional guest bedrooms plus a small and large bonus room that could easily serve as an additional bedroom, library, and home office. The semi-finished full basement with new egress has high ceilings and plenty of space to convert into the perfect home theater, game room and gym. Two tennis courts (and pickleball) are close by and shared by a limited number of homes that are all part of upscale Grassy Hollow Estates. Additional amenities include an expansive front porch for lazy summer lounging, a walk-in windowed pantry and laundry room, and a large 2-car attached garage. This property represents the best of Hamptons living, where comfort and luxury harmonize in a tranquil natural setting. At the current listing price, 99 Ely Brook to Hands Creek is also a very promising investment opportunity with tremendous upside. By adding a new nitrogen septic system at little to no cost thanks to grants & rebates from NYS & Suffolk County and the Town of East Hampton, 99 Ely Brook can legally become a 6-8 bedroom home with plenty of additional expansion opportunities on the lower level. No finer value exists - must be seen and studied to appreciate. With 4200+/- sf on 2+ glorious acres, this spacious home & property conveniently located to Sammy's Beach, East Hampton Village and town beaches is not to be missed.
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William Raveis Mortgage, LLC
Phone: 347.223.0992
Sarah.Alvarez@Raveis.com
NMLS Mortgage Loan Originator ID 1880936
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $2,640,000 | $2,640,000 | $2,640,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.625% | 6.500% | 6.000% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.955% | 6.612% | 6.182% |
Monthly Tax Payment | $1,088 | $1,088 | $1,088 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $15,197 | $16,687 | $22,278 |
Total Monthly Payment | $16,410 | $17,900 | $23,491 |
* 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.