Presented byMary Poola |
Life is sublime here on the dunes of Plum Island where you’ll watch the spectacular sunrise over the Atlantic from your bedroom window and walk out your back door onto your private beach/backyard. The story here is all about the location and lifestyle. Used primarily as a vacation home and investment property, the possibilities abound for this home, which sits on a double lot. The 4 bedroom, 3 bath home with 2-car garage currently rents on VRBO from 5/1 - 9/30 for between $365 per night in early/late summer to $750 per night in prime summer weeks. The sandy backyard is protected by the Dunes from the elements and creates privacy from the main beach. It really is a special property. Call for a private showing!
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Our Executive Mortgage Banker:
Our Insurance Division:
$1,975,000
Sales Associate
William Raveis Real Estate
Phone: 860.625.1913
Mary.Poola@raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 401.585.3916
Bobby.Kazarian@raveis.com
NMLS Mortgage Loan Originator ID 1875225
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $1,580,000 | $1,580,000 | $1,580,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.125% | 6.875% | 6.625% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.430% | 7.014% | 6.790% |
Monthly Tax Payment | $728 | $728 | $728 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $9,600 | $10,379 | $13,872 |
Total Monthly Payment | $10,453 | $11,232 | $14,725 |
* 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.