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Experience resort-style living in the highly sought after Sunken Pond Estates, a premier gated 55+ community in the heart of Riverhead. This spacious second-floor unit offers 2 bedrooms plus a dedicated office /den, 2 full baths and an oversized living room with vaulted ceilings. Enjoy coffee in the sunny kitchen's breakfast room or step out onto the private balcony located off both bedrooms to take in the fresh air. The home includes attached one-car garage conveniently located off the entry foyer for easy access. Sunken Pond Estates is renowned for its scenic ponds and idyllic landscape. Residents enjoy an active social life centered around the 3600 sft. clubhouse. The clubhouse features a workout/fitness room, media room, library and card room. The outdoor pool with large patio is open in the summer months and conveniently located adjacent to the clubhouse, bocce court and putting green. Centrally located minutes from North Fork wineries, beaches, shopping, revitalized downtown area and the Peconic Bay Medical Center. 2% Peconic Transfer Tax applies. Sale may be subject to term & conditions of an offering plan. No offer considered accepted till contracts fully executed. HOA is $625 monthly plus taxes.
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Our Executive Mortgage Banker:
Our Insurance Division:
$499,000
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 | $399,200 | $399,200 | $399,200 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.990% | 6.250% | 5.375% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.403% | 6.431% | 5.668% |
| Monthly Tax Payment | $257 | $257 | $257 |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $2,391 | $2,458 | $3,235 |
| Total Monthly Payment | $2,723 | $2,790 | $3,567 |
* 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.