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Rarely does a "mint condition" opportunity arise that perfectly balances a serene residential feel with immediate access to one of Long Island’s most vibrant lifestyle hubs. Located in the heart of South Freeport, this impeccably maintained one-bedroom co-op offers a turnkey living experience in the immediate vicinity of the legendary Nautical Mile. Positioned as a premier corner unit, the residence provides an enhanced level of privacy and a layout that maximizes natural light. The home features a private entrance leading into a bright, open-concept living space defined by thoughtful upgrades. The interior has been meticulously enhanced, including a renovated bathroom and a custom-built bookshelf and fireplace in the living room, creating a cozy yet sophisticated atmosphere. The kitchen is fully updated, offering a sleek and functional space for cooking and entertaining. Large windows are fitted with custom blinds, and the private balcony offers a unique vantage point with views overlooking the vibrant "Mile. " Functional features include attic storage located directly within the unit for added convenience. Practicality is a hallmark of this property, with two dedicated parking spots and additional visitor parking included. The monthly maintenance fee of $979. 92 is remarkably inclusive, covering water and property taxes. Because property taxes are included in the maintenance, shareholders may benefit from annual tax deductions. Residents are responsible for modest utilities, including electricity for the central air and heating systems. The community offers a laid-back atmosphere where residents value their privacy. This building is exceptionally investor-friendly, allowing for leasing after one year of ownership. With a highly motivated seller ready for an immediate closing, this co-op is a standout choice for those seeking a high-end, low-maintenance lifestyle near the water. From the thriving restaurant scene of South Freeport to the turnkey interior, this residence represents the best of coastal living
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Our Executive Mortgage Banker:
$318,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
Senior Vice President - Coaching & Strategic
William Raveis Mortgage, LLC
Phone: 203.980.8025
Frank.Kolb@raveis.com
NMLS Mortgage Loan Originator ID 81725
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5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
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|---|---|---|---|
| Loan Amount | $254,400 | $254,400 | $254,400 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 6.250% | 6.490% | 5.750% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.474% | 6.640% | 5.972% |
| Monthly Tax Payment | N/A | N/A | N/A |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $1,566 | $1,606 | $2,113 |
| Total Monthly Payment | $1,641 | $1,681 | $2,188 |
* 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. The Total Monthly Payment does not include the estimated HOA/Common Charge payment.