A Bauhaus Is a WOW house. An authentic one is a very rare find. 39 Penny Lane in Scarsdale is the real deal. Designed by Paul M. Doering who studied at the Bauhaus School and built this in 1937 for his parents (the family emigrated from Germany). This home is the definition of Bauhaus form, function and provenance. Bauhaus architecture's characteristics include functional shapes, abstract shapes used sparingly for d cor, simple color schemes, holistic design, and basic industrial materials like concrete, steel, and glass. This period piece which is sited on a gentle rise and commands its own private acre has been thoughtfully preserved and carefully curated with an eye toward modern comforts and utility while holding on to the singular purpose and intrinsic beauty of the original vision. Walls of glass block, clean lines, enormous open spaces, soaring ceilings, steel stair railings and floor to ceiling windows invite a cinematic amount of light that bathes the brand new hand-lain herring-bone oak flooring which is in keeping with the clean linear sight-lines. You'll just want to dance in the absolutely enormous living room which features a wood-burning fireplace (1 of 4), and an original mahogany sliding wall which glides on a brass track to create an intimate dining space. What's new? It's an extensive list (see separate sheet with (improvements) but the highlights include all new Marvin windows & doors which carefully echo the original steel casements, new HVAC system, new copper cladding & flashing, interior and exterior paint, pointing, new roof membrane, new electrical panel, outlets & switches and all new bathrooms with Carrera marble tile work. An all new butler's pantry with one of two Bosch dishwashers kicks off the party as you head into the brand new kitchen with a Bertazzoni induction range, Viking refrigerator and built in microwave and, and, and. What's original & restored? Olive knob door hinges, built-ins everywhere, the lounge, stair rails, fireplaces, exterior stone stairway from the patio to the lower yard, the balconies (with new bluestone surfaces and railings) the lines, the vibe, the inherent cool . . Let's review! 8 Bedrooms, 5, 400 square feet, 1 acre of property, Specimen Plantings, Edgemont Schools, New Comforts & Convenience, 1930's Solidity & Craftwork. All this and it bears repeating Authenticity! Privacy, Property & Provenance on Penny! BE PENNY WISE!
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5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $2,398,400 | $2,398,400 | $2,398,400 |
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 | $4,108 | $4,108 | $4,108 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $14,767 | $15,957 | $21,224 |
Total Monthly Payment | $19,000 | $20,190 | $25,457 |
* 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.