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Presented by
Shawn Olson |
Two-family water-view property offering exceptional versatility and income potential in the heart of City Island. The property features two large decks, a private backyard, driveway, and one-car garage. The fully separate first-floor one-bedroom apartment provides an excellent opportunity for rental income or extended family living. This unit offers a spacious living room, a large bedroom, and a bright eat-in kitchen with direct access to a deck and backyard. A private ground-level entrance and foyer ensure complete separation from the upper residence. The second and third floors comprise the owner’s unit, featuring four bedrooms, 1. 5 bathrooms, a bay-windowed living room, and a generous eat-in kitchen. The home retains many prewar details, including French doors, transom windows, high ceilings, hardwood floors, and a decorative fireplace with wood-burning stove. A large deck off the living room offers water views and provides additional outdoor living space. Located in the coastal community of City Island, offering easy access to local shops, dining, yacht clubs, beaches, and transportation.
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.
Our family of companies offer our clients a new level of full-service real estate. We shall:
To learn more about our credentials, visit raveis.com today.
Our Executive Mortgage Banker:
Our Insurance Division:
$998,000
Luxury Properties Specialist
William Raveis Real Estate
Phone: 561.236.8217
Shawn.Olson@raveis.com
RVP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 917.838.7300
Melissa.Cohn@raveis.com
NMLS Mortgage Loan Originator ID 16953
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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 | $798,400 | $798,400 | $798,400 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.250% | 6.125% | 5.875% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.069% | 6.235% | 6.058% |
| Monthly Tax Payment | $607 | $607 | $607 |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $4,409 | $4,851 | $6,684 |
| Total Monthly Payment | $5,108 | $5,550 | $7,383 |
* 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.