2 E Gate Lane, Setauket, NY, 11733 | $729,000

Once in a lifetime opportunity to build your dream home in one of the most prestigious zip codes on Long Island! Buy today start building tomorrow-plans & permits in place! This property in nestled in the sought after beautiful old field village, less than a mile from west meadow beach, three village schools ranked top 10% out of 786 districts. Property is level, lightly wooded lot. Current pictures shown is proposed 6, 000+sf home 5 bedroom, 7. 5 bathroom, radiant heated floors, spray foam, smart home, cameras, hidden solar, 3100sf basement, 22' double height foyer, double height living room, open concept, amazing entertaining kitchen with massive 4x15 island, top of line luxury appliances, hidden pantry, sliding glass walls in kitchen and living room, covered front/rear porch, walk out basement with patio, 20x40 salt pool, with pool house with covered area, firepit, outdoor kitchen, LED lighting, firebowls, fully landscaped, hardscaped, 4 car garage attached to home, tunnel from basement to detached garage detached 31x51 heated/AC garage with possible office of 15x28 above with bathroom while looking down at the view of your cars/boat in garage. Dream garage for boat owner or car collector. Has board of health septic approvals, drainage plan approved, site plan approved, tree preservation plan approved and building plans approved. Currently property is ready to be built, either buy the property with plans and permits or buy the property ready to submit your own building plans. Award winning architect and well known designer designed plans/home.

Features

  • Zoning: Residential
  • Lot Desc: Wooded
  • Middle School: Paul J Gelinas Junior High School
  • High School: Ward Melville Senior High School
  • School District: Three Village
  • MLS#: 3529973
  • Days on Market: 79 days
  • Website: https://www.raveis.com
    /prop/3529973/2egatelane_setauket_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.

William Raveis Family of Services

Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.

Arthur ChapmanSales Associate

401.640.0807

Arthur.Chapman@raveis.com

Our family of companies offer our clients a new level of full-service real estate. We shall:

  • Market your home to realize a quick sale at the best possible price
  • Place up to 20+ photos of your home on our website, raveis.com, which receives over 1 billion hits per year
  • Provide frequent communication and tracking reports showing the Internet views your home received on raveis.com
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  • Give you the full resources and strength of William Raveis Real Estate, Mortgage & Insurance and our cutting-edge technology

To learn more about our credentials, visit raveis.com today.

Whitney RuggVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 7654

401.474.4879

Whitney.Rugg@raveis.com

Our Executive Mortgage Banker:

  • Is available to meet with you in our office, your home or office, evenings or weekends
  • Offers you pre-approval in minutes!
  • Provides a guaranteed closing date that meets your needs
  • Has access to hundreds of loan programs, all at competitive rates
  • Is in constant contact with a full processing, underwriting, and closing staff to ensure an efficient transaction

Allen GellermanInsurance Sales Director, William Raveis Insurance

617.686.2668

Allen.Gellerman@raveis.com

Our Insurance Division:

  • Will Provide a home insurance quote within 24 hours
  • Offers full-service coverage such as Homeowner's, Auto, Life, Renter's, Flood and Valuable Items
  • Partners with major insurance companies including Chubb, Kemper Unitrin, The Hartford, Progressive,
    Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable

2 E Gate Lane, Setauket, NY, 11733

$729,000

Arthur Chapman

Sales Associate

William Raveis Real Estate

Phone: 401.640.0807

Arthur.Chapman@raveis.com

Whitney Rugg

VP, Mortgage Banker

William Raveis Mortgage, LLC

Phone: 401.474.4879

Whitney.Rugg@raveis.com

NMLS Mortgage Loan Originator ID 7654

5/6 (30 Yr)
Adjustable Rate Conforming*
30 Year
Fixed-Rate Conforming
15 Year
Fixed-Rate Conforming
Loan Amount $583,200 $583,200 $583,200
Term 360 months 360 months 180 months
Initial Interest Rate** 7.250% 6.990% 6.250%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 7.945% 7.171% 6.538%
Monthly Tax Payment N/A N/A N/A
H/O Insurance Payment $92 $92 $92
Initial Principal & Interest Pmt $3,978 $3,876 $5,000
Total Monthly Payment $4,070 $3,968 $5,092

* 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.