Introducing a unique waterfront property to the market for the first time: an exceptional treasure with an unprecedented 228+/- feet of water frontage in the sought-after Redwood Island neighborhood of Sag Harbor Village. This south-facing, partially bulkheaded lot offers breathtaking panoramic views of Sag Harbor Cove and features a private dock equipped with a jet ski lift, accommodating multiple boats for convenient access to the Village and the Bay. The charming nautical-themed cottage boasts a charming eat-in kitchen with a tin ceiling, a cozy living room with a fireplace, 3 bedrooms, 2 bathrooms, a detached garage, and a covered deck and patio - ideal for relaxing and enjoying the expansive water views. Explore the potential of this extremely rare, double-wide waterfront opportunity, just a mile from Sag Harbor Village's year-round activities.
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Our Executive Mortgage Banker:
Our Insurance Division:
$7,500,000
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 | $6,000,000 | $6,000,000 | $6,000,000 |
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 | $1,218 | $1,218 | $1,218 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $34,067 | $37,432 | $50,227 |
Total Monthly Payment | $35,410 | $38,775 | $51,570 |
* 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.