This contemporary home is situated in the desirable, much sought after, incorporated Village of Westhampton Beach offering excellent ownership opportunity in a prime location. The lower level is comprised of three bedrooms, two and a half baths, a double vaulted entry and walk-out access to the lower patio. The gentle stairway takes you to the second level which features an open floor plan showcasing a large living room with fireplace, dining room, kitchen and primary bedroom suite - all with access to the generously sized upper level deck overlooking the spacious backyard. The outdoor space boasts a sizeable 16x44 heated gunite pool, har-tru tennis court, hot tub and koi pond. Other amenities include a two-car attached garage, lush mature landscaping and beach rights to all village beaches just minutes away. With the option to enjoy the property as is or develop it into your dream home, this property is a smart investment in the Hamptons.
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$2,495,000
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 | $1,996,000 | $1,996,000 | $1,996,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.125% | 6.875% | 6.500% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.430% | 6.977% | 6.664% |
Monthly Tax Payment | $1,311 | $1,311 | $1,311 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $12,128 | $13,112 | $17,387 |
Total Monthly Payment | $13,564 | $14,548 | $18,823 |
* 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.