Buy today, envision tomorrow. This magnificent 10, 000 sqft home is yours to complete, situated on an equestrian zoned property, close to Macarthur airport & all major highways. Conveniently located close to the Hamptons w/ beautiful beaches as well desirable North Fork w/ vineyards and farms & only 60 miles from Manhattan. Grand home featuring all high ceilings & magnificent 2 story great room. Construction features: Ludowici Pocelainized Terra Cotta Roof Tiles, Cambridge residential elevator, owned Harvest Solar Power System w/ 23100 watt solar photovoltaic & 70 LG panels w/ enphase microinverter, Anderson A series windows/doors, stucco & tumbled stone exterior walls, garage has 18x6 steel beams & 2x10 ceiling joists, all walls are 2x6 or 2x8 lumber & all ceiling joists are 2x8 or 2x10 throughout the home, 16x6 & 10x6 steel beam girders used in basement & 3 ACW3050 Egress Windows, Solid Concrete Fireplace Foundation, 4'x7'x14'. Turn this home into your dream home. Extremely unique property for the most selective buyer looking for the finest. Completed pictures are renderings.
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Our Executive Mortgage Banker:
Our Insurance Division:
$1,999,999
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 | $1,599,999 | $1,599,999 | $1,599,999 |
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 | $1,667 | $1,667 | $1,667 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $9,085 | $9,982 | $13,394 |
Total Monthly Payment | $10,877 | $11,774 | $15,186 |
* 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.