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Presented by
The Riley Oakley Group |
Turn Vision Into Realty with This Approved Building Opportunity in East Marion. Don’t miss the chance to build your custom home in one of East Marion’s most desirable settings on the North Fork. This expansive 1. 16-acre parcel is offered with approved building permits for a 2, 900 sq ft single-family residence plus a 1, 200 sq ft accessory structure, making it a truly shovel-ready opportunity where the heavy lifting has already been done. The approved plans offer flexibility, with the accessory structure ideal for a detached garage, pool house, or accessory dwelling unit with guest quarters (subject to town regulations and final approvals). The generous lot size allows ample room for thoughtful landscaping, outdoor living, and the potential for a pool (buyer to verify), creating a setting perfectly suited to relaxed North Fork living. A remarkable location with its proximity to Rocky Point Beach just down the street. Widely regarded as the finest Sound beach on the North Fork. Known for its calm waters, sweeping sunset views, and pristine shoreline, Rocky Point offers an unmatched beach experience - ideal for swimming, paddle boarding, kayaking, and long summer evenings by the water. Being just moments away places you at the heart of one of the area’s most coveted coastal lifestyles. Ideally located in one of the North Fork’s most sought-after hamlets, the property is also close to renowned vineyards, farm stands, and Greenport Village, offering a vibrant mix of restaurants, coffee shops, boutiques, and everyday conveniences. With permits already secured and plans in place, much of the pre-construction process has been completed, allowing the next owner to move forward efficiently and with confidence. An exceptional opportunity for end-users, second-home buyers, or investors seeking new-construction potential in a prime East End location. This is a Land sale with approved active permit in place.
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:
$695,000
Sales Associates
William Raveis Real Estate
Phone: 508.367.3320
TheRileyOakleyGroup@raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 508.740.5922
Frank.Merola@raveis.com
NMLS Mortgage Loan Originator ID 1020051
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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 | $556,000 | $556,000 | $556,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.990% | 6.375% | 5.625% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.358% | 6.524% | 5.866% |
| Monthly Tax Payment | N/A | N/A | N/A |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $3,330 | $3,469 | $4,580 |
| Total Monthly Payment | $3,422 | $3,561 | $4,672 |
* 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.