Please note that the above-referenced price reflects the Reserve Price for the property, which is being marketed for sale by luxury private auction. Bidding is open now through the bid deadline on October 30th. Seller reserves the right to accept or reject bids. 6% Buyer's Premium. Additional terms apply. Please visit Paramount Realty USA's website for more details. Surrounded by an enviable landscape, and embodying an elegant Mediterranean architectural design, this property is a hidden gem tucked away from the hustle and bustle of everyday life in the Village of Sands Point. As first impressions go, this home raises the bar. Lavish design details run through this 5-bedroom European-inspired estate: think two-story foyer centered on a broad, elegant staircase; think wrought iron balconies adding architectural interest to the home's facade while extending its living space; think of every resort amenity you desire and you will find it here, from a roof-top terrace from which to steal a glimpse of the Long Island Sound, to the infinity-edge pool and spa surrounded by terrazzo patio with inlaid sun motif, to the indoor pool with sensational colored lights and resistance-current. As if this was not enough, the home offers a complement of features second to none including a sports court, a summer kitchen, a gazebo with outdoor television, a pond with waterfall, a greenhouse, a full gym, a game room, a sauna, a steam room, a library, a home office, a workshop and more. The home's exquisite gardens span a shy 3. 5 acres and include a seemingly endless array of rare specimen rhododendrons which have provided decades of enjoyment to their fortunate owners. For comfort and convenience, there are various smart features, a full-house generator, heated driveway, and an elevator to all levels. The property is entirely fenced and gated.
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5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $3,800,000 | $3,800,000 | $3,800,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.375% | 6.125% | 5.625% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.769% | 6.270% | 5.864% |
Monthly Tax Payment | $7,619 | $7,619 | $7,619 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $21,279 | $23,089 | $31,302 |
Total Monthly Payment | $29,023 | $30,833 | $39,046 |
* 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.