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Don't miss this exceptional opportunity to live on a picture-perfect block in East Hampton's prime Northwest Woods. Set on three private, parklike acres in Grassy Hollow Estates, this stately Arts & Crafts style Post-Modern offers 3, 000± square feet of soaring architecture, abundant natural light, and gracious living just minutes from Sammy's Beach, Cedar Point Park, East Hampton Village, and world-class ocean beaches. A dramatic double-height foyer makes a striking first impression, leading into a sun-filled great room anchored by a grand fireplace, framed by walls of glass, and lined with six farmhouse-style French doors that open to the expansive backyard and 20' x 40' heated in-ground pool. Designed with entertaining in mind, the open-concept kitchen flows seamlessly into formal living and dining areas, creating effortless indoor-outdoor living. The spacious main-level primary suite features a newly renovated marble bath with soaking tub and shower, a large walk-in closet, a private boudoir with vanity, and the second of the home's three fireplaces. Just off the great room, a charming windowed den with the third fireplace provides a cozy retreat or ideal work-from-home space. A full bath and powder room complete the main level. Upstairs, two oversized guest bedrooms offer walk-in closets and share a full bath (ensuite to one), while the bonus room above the garage can easily be converted to a legal 4th bedroom as the home was built with a 4-bedroom septic system. The 1, 754± sq. ft. lower level offers untapped potential-ready to be finished; it will expand the home's total living space to nearly 4, 700± sq. ft. On a lot of this size and privacy, you can expand the house up to 10, 000 sq. ft. and add your own basketball and pickleball courts, an increasingly rare opportunity in today's East Hampton market. Offered as is, 2 Old Hollow Lane presents a rare chance to update or reimagine a home with excellent bones, dramatic volume, and true architectural presence-all on a prime parcel in one of East Hampton's most desirable neighborhoods. A must-see for savvy buyers, investors, and builders seeking privacy, scale, and upside potential in the heart of the Northwest Woods.
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.
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Our Executive Mortgage Banker:
Our Insurance Division:
$2,499,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 347.223.0992
Sarah.DeFlorio@Raveis.com
NMLS Mortgage Loan Originator ID 1880936
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5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
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|---|---|---|---|
| Loan Amount | $1,999,200 | $1,999,200 | $1,999,200 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.125% | 6.000% | 5.875% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.246% | 6.133% | 6.038% |
| Monthly Tax Payment | $1,121 | $1,121 | $1,121 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $10,885 | $11,986 | $16,736 |
| Total Monthly Payment | $12,131 | $13,232 | $17,982 |
* 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.