Nestled in one of the most desirable locations of Long Beach is only 2 short blocks from the famous boardwalk, this prestigious Spanish Center Hall Colonial house combines history, elegance, luxury and coastal charm into one! It was designed and built by William H. Reynolds who developed the City of Long Beach in 1906, and now has become a Historical Society registered house. This elegant home welcomes you with charming curb appeal and formal entrance leading to a 10 foot high ceiling living room, a large dining room and a recently renovated state-of-the-art chef's kitchen with quartz?countertops. The estate features six spacious bedrooms and six full bathrooms, providing ample space for family and entertaining guests. Original inlaid hardwood? floors and many special stained glass windows give each room its uniqueness and elegance. A south-facing sunroom on the first floor gives you additional space to read, meditate, yoga and enjoy afternoon tea time. Upstairs boasts 5 bedrooms and 3 full bathrooms, with ocean views from the primary bedroom's balcony and a shared balcony overlooking the beautiful garden. Walkout basement has approximately 1600 sqf was recently converted to 3 separate living spaces with additional full bathrooms, steam shower and cedar dry sauna room. Fully insulated attic adds another ~1500 sq ft of storage space. The garden is beautifully landscaped, with flowers and fruits for all seasons, and equipped with an in-ground sprinkler system and garden lighting. Detached 2 car garage adds convenience as parking is an absolute necessity and comes at a premium in a beach community. This property has very reasonable taxes and flood insurance, among other features and is close to all shopping, dining and the LIRR. Don't miss your chance to own a special piece of Long Beach History while you enjoy the beach life!
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$2,299,000
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 | $1,839,200 | $1,839,200 | $1,839,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.750% | 6.625% | 6.125% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.004% | 6.738% | 6.307% |
Monthly Tax Payment | $1,387 | $1,387 | $1,387 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $10,733 | $11,777 | $15,645 |
Total Monthly Payment | $12,245 | $13,289 | $17,157 |
* 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.