Updated raised colonial home on a 60-foot-wide canal right off the Great South Bay minutes from Fire Island and local beaches. This home is a boater's dream being the first canal off the bay. The 40x100 lot features 40 feet of new navy bulkheading, shore power for your boat, along with a raised property and flood Insurance premium of $417. 00a year. The large open first floor plan is great for entertaining or relaxing in the comfort of your home enjoying the beautiful canal right in your own backyard with a convenient first floor bathroom for guests. The second-floor features four bedrooms and two baths with a large primary on suite with a walk-in closet and fully renovated primary bathroom with a large soaker tub. Off the primary suite there is a balcony which leads to the rooftop deck that features a panoramic, scenic view of the Great South Bay, the Robert Moses Bridge and the Fire Island Lighthouse. The home includes all energy efficient appliances, central air, fully paid off solar panels and a level 2 EV charger conveniently located in the driveway. Enjoy your morning coffee on the comfort of your full width front porch or on the rooftop deck with breathtaking views. The very large 24'x36' two car garage features an indoor and outdoor living room with heat and air conditioning along with space to park your cars. The backyard has a large, covered patio great for entertaining with easy access to a second refrigerator, sink and cabinets as well as a gas grill hookup to make grilling easy for the beautiful Long Island summers.
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Our Executive Mortgage Banker:
Our Insurance Division:
$899,000
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 | $719,200 | $719,200 | $719,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.000% | 6.750% | 6.500% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.377% | 6.851% | 6.664% |
Monthly Tax Payment | $1,338 | $1,338 | $1,338 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $4,312 | $4,665 | $6,265 |
Total Monthly Payment | $5,742 | $6,095 | $7,695 |
* 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.