Gracewood is the premier gated community in North Hills/Manhasset. This Nantucket Ranch home spans approximately 3, 700 square feet inside, excluding the full lower level, and features 4 bedrooms and 5. 5 baths. A grand circular foyer with herringbone wood flooring leads to a formal living room with a marble fireplace and 2 French doors opening to an inviting composite deck overlooking the spacious private backyard. There is also a formal dining room, a gourmet kitchen with a breakfast area that connects to the family room, a main bedroom with two walk-in closets and a spa bathroom featuring a 2-person Jacuzzi, three additional bedrooms (one bedroom/library) with two en suite bathrooms, a powder room, and a laundry room that leads to the two-car garage. Throughout the home, 10-foot ceilings contribute to the expansive atmosphere. The lower-level features high ceilings, a 25-foot entertainment/recreation room with wall-to-wall entertainment cabinetry, a playroom, 2 bedrooms/offices with 2 full baths. This gracious home sits on 0. 44 acres in a prime location near the Gracewood Mansion. The Gracewood Mansion offers a grand clubhouse with social events for residents, indoor and outdoor pools, a well-equipped gym, tennis and pickleball courts, a billiard room, a library, a newly renovated card room, sauna and steam showers, locker rooms, a playground, patios, and more. The community is gated 24 hours a day. A monthly HOA fee of $1, 400, along with a $275 special assessment, covers the cost of these exclusive amenities (new homeowners in Gracewood pay an $8, 400 entry fee to the HOA). The property is located in Manhasset School District #6, close to Shelter Rock School. Additionally, it is conveniently near parkways, the LIRR, public transportation, and the renowned Americana Shopping Center. This presents an excellent opportunity to enjoy the exceptional lifestyle that Gracewood offers and to reside in an incredibly spectacular home.
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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 | $2,238,400 | $2,238,400 | $2,238,400 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.000% | 5.875% | 5.625% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.963% | 5.983% | 5.805% |
Monthly Tax Payment | $2,700 | $2,700 | $2,700 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $12,016 | $13,241 | $18,438 |
Total Monthly Payment | $14,841 | $16,066 | $21,263 |
* 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.