1 Canal Road, Hampton Bays, NY, 11946 | $1,885,000

This property is a perfect opportunity as a Family Compound or Investment property. Situated on a beautiful lot with water views from every angle is a two story home with a large living room with fireplace, dining area, half bath and kitchen. Two bedrooms on the second floor share a full bath, plus a primary bedroom with full bath and walk-in closet. Off the living room is a large deck perfect for relaxing and enjoying the sunsets. There is a full basement with washer & dryer, oil tank and plenty of storage. Also featured on this property are 2 attached furnished cottages. Each cottage has 2 bedrooms, one full bath, living room, dining and kitchen. They also have a front porch to relax after a full day. The fully landscaped property has room for a pool and a large 2-car garage. Minutes to the Great Peconic Bay Beach, fishing, restaurants and County dock with marina.

Features

  • Rooms: 16
  • Bedrooms: 7
  • Baths: 4 full / 1 half
  • Laundry: In Basement
  • Style: Traditional
  • Year Built: 1950
  • Garage: 2-car
  • Heating: Baseboard, Hot Water, Oil
  • Cooling: Central Air, Ductless
  • Basement: Full, Unfinished
  • Approx Sq. Feet: 2,346
  • Acreage: 0.46
  • Est. Taxes: $9,623
  • Lot Desc: Corner Lot, Landscaped, Sprinklers In Front, Sprinklers In Rear, Views
  • View: Panoramic, Water
  • Elem. School: Hampton Bays Elementary School
  • Middle School: Hampton Bays Middle School
  • High School: Hampton Bays High School
  • School District: Hampton Bays
  • Appliances: Dishwasher, Dryer, Electric Range, Microwave, Refrigerator, Washer
  • MLS#: 922491
  • Days on Market: 166 days
  • Website: https://www.raveis.com
    /eprop/922491/1canalroad_hamptonbays_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.Listing courtesy of Hamptons Realty Associates LLC   Phone: 631-283-7400

William Raveis Family of Services

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Frank KolbSenior Vice President - Coaching & Strategic, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 81725

203.980.8025

Frank.Kolb@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!
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  • 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

Ryan FortierInsurance Sales Director, William Raveis Insurance

516.739.7731

Ryan.Fortier@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
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    Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable

1 Canal Road, Hampton Bays, NY, 11946

$1,885,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Frank Kolb

Senior Vice President - Coaching & Strategic

William Raveis Mortgage, LLC

Phone: 203.980.8025

Frank.Kolb@raveis.com

NMLS Mortgage Loan Originator ID 81725

5/6 (30 Yr)
Adjustable Rate Jumbo*
30 Year
Fixed-Rate Jumbo
15 Year
Fixed-Rate Jumbo
Loan Amount $1,508,000 $1,508,000 $1,508,000
Term 360 months 360 months 180 months
Initial Interest Rate** 5.500% 6.125% 5.875%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 6.165% 6.235% 6.058%
Monthly Tax Payment $802 $802 $802
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $8,562 $9,163 $12,624
Total Monthly Payment $9,489 $10,090 $13,551

* 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.