Nowheresville! Cute fisherman's shack overlooks Northwest Creek, and beyond, to Northwest Harbor, in the rural Northwest Woods of East Hampton, New York. Somewhat over a thousand square feet, this early 20th Century cottage is far from the summer hullabaloo. Drive down the pine-shaded road until you emerge into sunshine, with the blue waters of the estuary and the bay mirroring the sky, and surrounded by parkland as far as the eye can see. Barcelona Neck county park is just beyond the creek; and this property backs to hundreds of acres of forever-wild lands owned by the Town of East Hampton and the County of Suffolk. Across the street, drop a line into the clean salt water; and catch tonight's fresh fish dinner. A handful of boats are anchored a hundred meters from your front door. And just 400 meters away, the bay beach invites you to take a dip in the healing waters of the Atlantic from May to October. The seaside vernacular of this cottage fits perfectly with the natural surroundings. Imagine sipping your morning coffee while enjoying the views from your kitchen House is located across from the cove, where you can apply to have a boat mooring. Situated on a shy half-acre lot, this property offers ample outdoor space for gardening or just escaping from the world. Great opportunity to own this enchanting water view cottage in East Hampton.
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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 | $1,120,000 | $1,120,000 | $1,120,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.500% | 6.375% | 5.875% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.821% | 6.474% | 6.036% |
Monthly Tax Payment | $417 | $417 | $417 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $6,359 | $6,987 | $9,376 |
Total Monthly Payment | $6,901 | $7,529 | $9,918 |
* 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.