Presented byApril Kaynor, Luxury Properties Specialist |
Vacation All Year Round! Direct Waterfront Home with Separate 2BR Cottage offers endless LI Sound views, large dock and spectacular sunsets. #320 (Main House) was beautifully built in 2018 and is 100% FEMA compliant. This perfect beach home is a light filled 4BR/4Bath, direct waterfront dream with large dock and direct access to both the Sound and Creek. The gourmet kitchen and great room seamlessly bring the outside in and flow onto the spacious wrap around deck, ideal for entertaining and dining. The luxurious primary suite with gas fireplace and floor to ceiling panoramic views offers endless tranquility while the finished 3rd floor space with outdoor deck and hookup for hot tub provides lots of hangout options. 3 additional private bedrooms with 3 full baths, including a 1st floor bedroom option which also works beautifully as an office. A 3 car garage underneath with plenty of storage for kayaks and paddle boards offers endless possibilities. #318 (Cottage) is an additional 832+sqft 2BR/1Bath guest cottage and provides tons of options as either an additional living space or as an income producing investment. Cottage is currently rented thru June 2024. . 32 acres provides for privacy and completes the premium beach location. Current owner pays $618/year for Flood Insurance for FEMA compliant main house (#320); Cottage (#318) which is not FEMA complaint (but has never flooded) pays $963/year. Cottage would need to be raised 6ft to be compliant. Current tenant has rented cottage for 4 years and current lease ends June 30, 2024. The annual (below market) rental income for the cottage is $40, 800 ($3400/month).
Type | Description | Level |
---|---|---|
Bedroom 1 | Full Bath,Hardwood Floor | Upper |
Bedroom 2 | Hardwood Floor | Upper |
Bedroom 3 | Full Bath,Hardwood Floor | Main |
Bedroom 4 | Hardwood Floor | Other |
Bedroom 5 | Laundry Hookup,Hardwood Floor | Other |
Dining Room | Hardwood Floor | Main |
Eat-In Kitchen | Breakfast Bar,Island,Hardwood Floor | Other |
Great Room | Balcony/Deck,Fireplace,Sliders,Hardwood Floor | Main |
Kitchen | Dining Area,Island,Hardwood Floor | Main |
Living Room | Balcony/Deck,Sliders,Hardwood Floor | Other |
Primary BR Suite | Balcony/Deck,Gas Log Fireplace,Full Bath,Sliders,Walk-In Closet,Hardwood Floor | Upper |
Rec/Play Room | Balcony/Deck,Wet Bar,Laminate Floor,On 3rd Floor | Upper |
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Sales Vice President
William Raveis Real Estate
Phone: 203.216.2194
April.Kaynor@raveis.com
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William Raveis Mortgage, LLC
Phone: 914.260.5535
Mace.Rattet@raveis.com
NMLS Mortgage Loan Originator ID 69957
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 914.260.2006
Francine.Silberman@raveis.com
NMLS Mortgage Loan Originator ID 69244
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $2,999,200 | $2,999,200 | $2,999,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.625% | 6.375% | 6.125% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.229% | 6.486% | 6.307% |
Monthly Tax Payment | $3,804 | $3,804 | $3,804 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $17,265 | $18,711 | $25,512 |
Total Monthly Payment | $21,194 | $22,640 | $29,441 |
* 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.