Turn Key Mid Century Gem Surrounded by the natural beauty of Shelter Island, this stylishly renovated, architectural significant Mid-Century 'A- Frame'; is a turn key gem. Located on a quiet road and blending a minimalistic aesthetic with high end craftsmanship, this 3 bed/2 bath home purposefully maximizes the experience of inside/outside living. Floor-to-ceiling sliding doors allow a seamless flow between the house and the surrounding decks, patios & gardens, while the dappled light from surrounding trees and native plantings creates a wonderful ambiance to a series of outdoor rooms. A large, decked entertainment area looks over the architectural proportions of the 10' x 40' saltwater pool, complimented poolside by a row of sun loungers and umbrellas that lead to a chic pool house. 2 outdoor showers, fire pit 'hang out' and outside grilling area complete the exterior picture. An adjoining garage and laundry room are found on the lower level, accessed by a spiral staircase. Eat-in, Henry-built kitchen with appliances from Fisher & Pakel. Enjoy scenic ferry access to explore both the North Fork and The Hamptons, or remain on the Island and explore the bounty of farm stands, local oysters, fantastic restaurants, cafes, and recently renovated Boutique Hotels. Mashomack Nature Preserve, Hay Beach, and Coecles Marina are within short driving distance.
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Our Executive Mortgage Banker:
Our Insurance Division:
$1,800,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
VP, Mortgage Banker
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 | $1,440,000 | $1,440,000 | $1,440,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.875% | 6.500% | 6.250% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.335% | 6.612% | 6.433% |
Monthly Tax Payment | $356 | $356 | $356 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $8,518 | $9,102 | $12,347 |
Total Monthly Payment | $8,999 | $9,583 | $12,828 |
* 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.