Welcome to your island oasis on Long Pond. Situated on one acre, this property consists of two structures and offers incredible potential. The main house features 4 bedrooms and 3. 5 bathrooms, as well as an open and spacious main floor living area and a large kitchen, perfect for entertaining. Outside, there are beautiful gardens, an open backyard, and a deck that spans the length of the house, offering a stunning view of the serene pond. This is a rare opportunity, with the last pond-front home having sold in 2018. The property is perfectly positioned to enjoy early morning sunrises across the conservation land, watch the many seabirds come and go, and soak in those famous Madaket sunsets. First Floor This level has three full bedrooms, each with exterior access to the backyard and sharing two full bathrooms. The laundry room, flex space, and storage complete this well-designed floor plan. Second Floor Embedded into the slope of the property, the ground-level entrance provides an immediate open view of the pond as you enter through the front door. The entire area is vaulted and features two sitting areas with a gas fireplace, a spacious dining and kitchen area, a powder room, as well as the primary suite with a bathroom and walk-in closet. Other Structures See the description for the second dwelling, which offers over 900 square feet above the oversized garage and the flex space off the side of the garage, spilling out onto the patio. The shed built in 2018 sits at the 50' conservation buffer zone. Secondary Dwelling Total Rooms: 2 Bedrooms: 0 Bathrooms: 0 Square Feet (GLA): 948 sqft Constructed in 2003 as an over-sized two-car garage, this building offers a spacious second-floor area. Adjacent to the two garage bays is versatile first-floor space that opens up to the garden patio just steps from the house. The building is equipped with power, AC, and heating. There is great untapped potential in this structure.
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$3,450,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
RVP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 917.838.7300
Melissa.Cohn@raveis.com
NMLS Mortgage Loan Originator ID 16953
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 | $2,760,000 | $2,760,000 | $2,760,000 |
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 | $661 | $661 | $661 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $15,671 | $17,219 | $23,104 |
Total Monthly Payment | $16,457 | $18,005 | $23,890 |
* 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.