This FEMA compliant home on Reynolds Channel in Long Beach offers the best of coastal living. Nestled in the northeastern corner of Long Beach's popular west end, this direct bay front home has 3 bedrooms and 3 bathrooms in addition to a large bayroom. Both the bayroom and the expansive master bedroom suite are situated directly on Reynolds Channel, providing incredible views of the bay and breathtaking sunsets. In addition to the living room, dining room and kitchen the home features a foyer with an indoor elevator. Two of the three bathrooms are equipped with walk-in showers and infinity drains for ultimate luxury. Residents will appreciate the plentiful off street parking, a true commodity in Long Beach's west end. Complimenting the home's impressive living spaces are three decks, two of which are located directly on the channel. Both the first floor deck and ground level deck feature overhead roofs enabling use during inclement weather. The backyard opens up to the bay, complete with a young bulkhead, returns for extra bay front protection and a framed out, permitted dock ready to be customized for expanded yard access and a private boat slip. Beneath the main living areas, this home also features a very large full height garage with ample space beyond extending out toward the bay, and occupying the entire footprint of the home. The home is just steps to the beach and iconic Long Beach Boardwalk, making it convenient for walking to local restaurants, shops and the LIRR station with only a 50 minute commute to midtown Manhattan. The combination of thoughtful design, unparalleled waterfront access and practical amenities makes this coastal home a true gem in Long Beach.
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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 | $1,280,000 | $1,280,000 | $1,280,000 |
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 | $1,167 | $1,167 | $1,167 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $7,268 | $7,986 | $10,715 |
Total Monthly Payment | $8,560 | $9,278 | $12,007 |
* 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.