5 Hagar Road, Shelter Island, NY, 11964 | $2,895,000

Indulge in coastal living at its finest with this meticulously maintained one-level home in a charming beach community. Renovated in 2012 by Fokine Construction, this home offers stunning water views of Menantic Creek from most rooms. The open-plan layout features a vaulted living room with fireplace, dining area, and a custom chef's kitchen. Step onto the water side deck for a serene outdoor retreat with mahogany railings and stainless wire. The primary bedroom boasts two walk-in closets and a luxurious en-suite bathroom. Enjoy the tranquility of the 1. 29-acre shared parcel extending into the creek. This quiet enclave offers the perfect blend of luxury and natural beauty for coastal living at its finest. The shared parcel is 50% ownership of 3 Hagar Rd 700-18. -3-41, 1. 29 acre vacant parcel. 1/2 taxes =$1, 280. 62

Features

  • Rooms: 9
  • Bedrooms: 3
  • Baths: 2 full / 1 half
  • Style: Ranch
  • Year Built: 1962
  • Garage: 2-car Attached
  • Heating: Oil, Baseboard, Hot Water, ENERGY STAR Qualified Equipment
  • Cooling: ENERGY STAR Qualified Equipment
  • Basement: Crawl Space, Full, Unfinished, Walk-Out Access
  • Approx Sq. Feet: 3,312
  • Acreage: 0.46
  • Est. Taxes: $6,289
  • Lot Desc: Corner Lot, Sloped, Stone/Brick Wall, Private, Protected Wetlands
  • View: Open, Panoramic, Water
  • Water Front: Yes
  • Elem. School: Shelter Island School
  • Middle School: Shelter Island School
  • High School: Shelter Island School
  • School District: Shelter Island
  • Appliances: Dishwasher, Dryer, Microwave, Oven, Refrigerator, Washer, Water Purifier Owned, ENERGY STAR Qualified Dishwasher, ENERGY STAR Qualified Dryer, ENERGY STAR Qualified Refrigerator, ENERGY STAR Qualified Washer
  • MLS#: 3564455
  • Days on Market: 73 days
  • Website: https://www.raveis.com
    /eprop/3564455/5hagarroad_shelterisland_ny?source=qrflyer
Listing information has been assembled from various sources of varying degrees of reliability. Any information critical to the buying decision should be independently verified.Listing courtesy of Daniel Gale Sothebys Intl Rlty   Phone: 631-749-1155

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Sarah AlvarezVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 1880936

347.223.0992

Sarah.Alvarez@Raveis.com

Our Executive Mortgage Banker:

  • Is available to meet with you in our office, your home or office, evenings or weekends
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5 Hagar Road, Shelter Island, NY, 11964

$2,895,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Sarah Alvarez

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 $2,316,000 $2,316,000 $2,316,000
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 $524 $524 $524
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $12,433 $13,700 $19,078
Total Monthly Payment $13,082 $14,349 $19,727

* 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.