260 & 256 Cherry Lane A Unique Dual-Home Estate Offered as a Package Presenting 260 Cherry Lane, a beautifully designed single-story home, sold as part of a package with 256 Cherry Lane, creating a rare opportunity to own a luxurious estate on over 3 park-like acres. This 2, 100-square-foot residence offers seven bedrooms and four bathrooms, providing the perfect blend of comfort and flexibility. The home's family dining area flows seamlessly into a well-appointed kitchen, making it ideal for everyday living or hosting guests. One of the standout features of this property is its newly built two-story deck, offering tranquil views of the beautifully landscaped backyard, pool, and pond. Below the main floor, a full unfinished lower level with windows offers endless possibilities whether you envision a home gym, studio, entertainment space, or additional living area, the choice is yours. This single-level design is perfect for those seeking easy, accessible living with ample space for family and friends. Whether it's for extended family living, a vacation retreat, this home offers a comfortable, practical layout to suit your needs. An Estate Designed for Luxury and Outdoor Living Beyond the home itself, the combined estate delivers an unparalleled experience. Set on expansive grounds, the property offers: Olympic-sized pool, Children's playground, Private pond, perfect for boating, reflection, and relaxation, Outdoor kitchen, jacuzzi, and sauna for elevated entertaining, Ample landscaped areas, ideal for outdoor gatherings and activities. Together, 260 and 256 Cherry Lane provide over 7, 000 square feet of living space, making this estate ideal for extended family living, corporate retreats, or luxurious getaways. Don't miss your chance to own this one-of-a-kind property schedule your private tour today to explore the possibilities firsthand!
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William Raveis Real Estate
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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 | $1,200,000 | $1,200,000 | $1,200,000 |
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 | $1,781 | $1,781 | $1,781 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $7,003 | $7,684 | $10,208 |
Total Monthly Payment | $8,909 | $9,590 | $12,114 |
* 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.