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Welcome to this exceptional colonial residence in the heart of Saint James, located within the highly regarded Smithtown Central School District. Blending timeless design with outstanding flexibility, this home offers an ideal opportunity for both owner-occupants and investors. Step inside to a bright, spacious layout featuring a formal living room, an elegant dining area, a large eat-in kitchen, a family room, and hardwood floors throughout. The interior has been recently updated, including newly installed dishwasher and laundry appliances, providing a move-in-ready experience. The home offers 8 bedrooms and 5 full bathrooms, delivering generous space for extended family, guests, or flexible living arrangements. A key highlight is the dual-level configuration, allowing the first and second floors to function as independent living spaces—perfect for owner-occupied living with rental income or for multigenerational households seeking privacy. Additional features include a partially finished basement, attached garage, brand-new asphalt driveway, and two separate electric meters, making rental management efficient and cost-effective. Location is truly exceptional: approximately a 3-minute walk to the Saint James LIRR station, with just one stop to the Stony Brook station, offering direct access to Stony Brook University. The property is also about 8-minute drive to the university, further enhancing its appeal to both end users and investors. Set on a generous lot in a quiet, established neighborhood, this versatile home combines convenience, income potential, and long-term value in one of the area’s most desirable locations.
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Our Executive Mortgage Banker:
Our Insurance Division:
$939,800
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 Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
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|---|---|---|---|
| Loan Amount | $751,840 | $751,840 | $751,840 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.250% | 5.875% | 5.625% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.069% | 5.984% | 5.689% |
| Monthly Tax Payment | $1,663 | $1,663 | $1,663 |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $4,152 | $4,447 | $6,193 |
| Total Monthly Payment | $5,906 | $6,201 | $7,947 |
* 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.