New price due to separation of house lot from adjacent lot. Secluded 75' feet of water frontage on the marshes of Chowan Creek highlight this custom home at the northern end of a peninsula on Cat Island. Long-range views and treasured privacy both east & west for the main house and carriage house with outdoor entertaining areas from the expansive back deck extending to the water's edge to the large screened porch off the kitchen. Adjacent waterfont lot available too with another 110'. Beautiful heart pine floors throughout, along with a slate floor in the kitchen complement the 10' tall ceilings with custom crown molding. Uniquely tall two-over-two windows run the length of the house, highlighting grand views of the water, marsh, and mature landscape. A kayak / crab dock can be built. An architect-designed residence, the high-quality craftmanship & attention to detail create an atmosphere of warmth and comfort. The 1st floor includes outstanding living areas. The 2nd floor primary bedroom suite enjoys a large covered balcony, spacious bath w/ dual vanities, a generous walk-in closet, & another adjoining room with 14 large windows capturing priceless views which opens onto the balcony. Two more bedrooms and a shared bath complete the 2nd floor. On the 3rd floor is a 4th bedroom, currently used as an office, w/ half bath and access to an open balcony offering tree-top views. An enormous walk-in attic space on the 3rd floor extends around the perimeter of the house. The residence sits at 14' elevation & closer to the water than is possible with today's setbacks. Two dehumidifier systems (2020) keep all 3 floors at desired levels of humidity & there are also 2 Rinnai hot water systems. Another bedroom & full bath are in the Carriage house with its own DirecTV access. HVAC and heat pump are 2021. All windows & doors throughout the house and carriage house have 2020 hurricane protection (see complete List of Features attached to the listing). The adjoining lot is available (MLS #187280: 54 Sheffield Avenue) and has a County-approved setback variance and a recorded survey showing the footprint of a house and carriage house on the property. Earnest money to be payable to buyer's closing attorney. Square footage of existing house and both lots to be confirmed by Buyer.
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5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $1,168,000 | $1,168,000 | $1,168,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.500% | 6.625% | 6.500% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.304% | 6.762% | 6.725% |
Monthly Tax Payment | $406 | $406 | $406 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $7,383 | $7,479 | $10,175 |
Total Monthly Payment | $7,914 | $8,010 | $10,706 |
* 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.