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Amazing Opportunity! This classic Rye Colonial is offered for sale for the first time in over 50 years! Sited majestically atop a hill in the heart of Rye’s picturesque Indian Village neighborhood, this stately 1900 tapestry red brick Colonial is admired from afar for its timeless presence. Set on a . 32-acre lot, the home offers approximately 3, 171 square feet of gracious living space, including six bedrooms, three full baths, a back staircase, hardwood floors, and a wood-burning fireplace. Rich with original character and architectural detail, it provides a solid foundation to bring your own contractors and vision to create the home of your dreams. The private backyard and back terrace offer an ideal setting for outdoor entertaining and summer barbecues. Ideally located on a quiet, sidewalk-lined street just blocks from Metro-North (5 minute walk to the train to NYC), downtown Rye’s shops and restaurants, the Apawamis Club, and Rye Country Day School, this home delivers exceptional convenience in one of Rye’s most coveted neighborhoods. With wide street where neighbors shoot hoops, ride bikes and gather, this is a rare opportunity to restore a true Rye classic to suit your lifestyle. Not located in a designated flood zone.
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Our Executive Mortgage Banker:
Our Insurance Division:
$1,850,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 302.293.7433
Brian.Shahwan@raveis.com
NMLS Mortgage Loan Originator ID 2166562
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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 | $1,480,000 | $1,480,000 | $1,480,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 4.875% | 5.750% | 5.500% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 5.925% | 5.858% | 5.681% |
| Monthly Tax Payment | $2,737 | $2,737 | $2,737 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $7,832 | $8,637 | $12,093 |
| Total Monthly Payment | $10,694 | $11,499 | $14,955 |
* 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.