38 Old Country Road, E. Quogue, NY, 11942 | $2,880,000

6. 5 Acres located in the quiet picturesque Hamlet of East Quogue, Southampton Town. One of the last development properties in area. The property is zoned R20 which permits the property to be subdivided into half-acre residential lots. The property is level and wooded with old growth hardwoods, pine and scrub oak. Subdivision lot yield is 12 lots. The property is outside of the Long Island Central Pine Barrens. No known wetlands or environmental issues. East Quogue, a bayfront and oceanfront community, has a rich historical heritage dating back to its founding in 1673. The quaint shops, markets, and restaurants of the East Quogue Hamlet are very close by. The villages of Westhampton Beach and Southampton are just a short drive away. Beautiful renown ocean beaches for East Quogue residents are nearby. East Quogue takes great pride in their school district. The newly renovated elementary school building offers state-of-the-art facilities designed to support student learning and development. The school includes a fully equipped STEAM lab, a vibrant library, a spacious gymnasium, and a modern cafetorium. Contiguous 3. 8 Acres is also for sale, subdividable into 8 lots - Total combined is 10. 3 Acres / 20 Lots.

Features

  • Zoning: Residential
  • Lot Desc: Wooded, Level
  • Elem. School: East Quogue School
  • Middle School: Westhampton Middle School
  • High School: Westhampton Beach Senior High Sch
  • School District: East Quogue
  • MLS#: 3506217
  • Days on Market: 262 days
  • Website: https://www.raveis.com
    /prop/3506217/38oldcountryroad_equogue_ny?source=qrflyer
Listing information has been assembled from various sources of varying degrees of reliability. Any information critical to the buying decision should be independently verified.

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860.985.7807

Robin.Gebrian@raveis.com

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Paul AddamoVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 93047

860.990.2486

paul.addamo@raveis.com

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38 Old Country Road, E. Quogue, NY, 11942

$2,880,000

Robin Gebrian

Sales Associate

William Raveis Real Estate

Phone: 860.985.7807

Robin.Gebrian@raveis.com

Paul Addamo

VP, Mortgage Banker

William Raveis Mortgage, LLC

Phone: 860.990.2486

paul.addamo@raveis.com

NMLS Mortgage Loan Originator ID 93047

5/6 (30 Yr)
Adjustable Rate Jumbo*
30 Year
Fixed-Rate Jumbo
15 Year
Fixed-Rate Jumbo
Loan Amount $2,304,000 $2,304,000 $2,304,000
Term 360 months 360 months 180 months
Initial Interest Rate** 5.875% 6.625% 6.375%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 7.335% 6.738% 6.559%
Monthly Tax Payment N/A N/A N/A
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $13,629 $14,753 $19,912
Total Monthly Payment $13,754 $14,878 $20,037

* 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.