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Welcome to 22 Old Trail Road, a charming beach cottage-style residence of 4 bedrooms plus den and 3. 5 baths. It is tucked away in the tranquil town of Water Mill, NY. This home is a captivating blend of comfort and elegance, nestled on a generous 2-acre private lot. As you step into the foyer, the 17-foot high ceiling immediately captures your attention, leading you into a living room adorned with wood burning fireplace and French doors and adjacent den. The open dining room or media room has authentic rustic, shiplap, a cozy fireplace and built-in media center. The wide plank hardwood floors showcase well all styles of decor. There is a guest powder room. The gourmet chef's kitchen, equipped with a breakfast area, is a culinary enthusiast's dream. This space seamlessly opens flows ready to host memorable dinner parties. There is a primary suite, featuring a sizable walk-in closet, bath with soaking tub and balcony and two additional charming bedrooms and full bathroom. The lower level offers 2 rooms and a bedroom, a bathroom, and laundry room. The attached garage provides ample space for your vehicles and storage needs. The outdoor area is brimming with potential, with enough room for a pool and there is currently a sunken hot tub. A two-car barn and workshop present endless possibilities, whether you're an artist seeking a studio, a sports enthusiast needing equipment storage, or an aspiring urban farmer. This meticulously maintained property is ready to welcome its next owner with an already updated Certificate of Occupancy, 40 percent clearing allowed and single and separate zoning allowing for 10 feet setbacks for pool.
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:
$2,100,000
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 | $1,680,000 | $1,680,000 | $1,680,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.125% | 6.000% | 5.750% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.246% | 6.110% | 5.952% |
| Monthly Tax Payment | $550 | $550 | $550 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $9,147 | $10,072 | $13,951 |
| Total Monthly Payment | $9,822 | $10,747 | $14,626 |
* 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.