Welcome to 40 Fairview Ave in Montauk, a mature Tudor that combines timeless charm with the best of Montauk vintage. This classic home pays homage to Montauk's rich history, with its traditional Tudor style that harks back to the very first homes built in this beloved area. Step inside to discover a rich tapestry of classic vestiges, from the elaborate masonry chimney that greets you at the entrance to the embellished doorways and classic half-timbered style. Prepare to be wowed by the recently built Chef's kitchen, equipped with all the essentials for hosting grand dinner parties and entertaining guests. The first floor offers a spacious living area, a delightful screened-in porch, a stylish kitchen, a formal dining space, and an en suite bedroom. Upstairs, you'll find a large, light-filled en suite primary bedroom, two additional bedrooms, and a full bath. The lower level provides a walkout to the backyard, a convenient 1-car garage, and ample space for your own creative ideas. Set back on a tranquil street with a lovely elevation, this property boasts a spacious shy acre, a rarity in Montauk, with room for expansion. With a recently installed septic system allowing for six bedrooms, the possibilities are endless.
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Our Executive Mortgage Banker:
Our Insurance Division:
$2,600,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
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 | $2,080,000 | $2,080,000 | $2,080,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.250% | 7.000% | 6.750% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.481% | 7.103% | 6.915% |
Monthly Tax Payment | $869 | $869 | $869 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $12,807 | $13,838 | $18,406 |
Total Monthly Payment | $13,801 | $14,832 | $19,400 |
* 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.