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Nestled along the picturesque Connecticut coastline, 127 South Gate Lane places you in the heart of Southport's Harbor & Beach area-a storybook setting where classic New England charm meets coastal elegance. Imagine a historic harbor adorned with graceful sailboats gliding on tranquil waters, framed by stately colonial homes and streets shaded by towering trees. It's the kind of place where every stroll feels like stepping into a postcard. Stroll to Southport's charming boutiques, sip coffee at a cozy cafe, or savor a meal crafted from the finest local ingredients at one of the celebrated restaurants nearby. At first glance, you may see a traditional colonial, but this is not just a classic home; it's located in one of the most sought-after areas of Connecticut. Just a short walk to the Beach and Southport Harbor shops & restaurants, the Equinox health club, Pequot Yacht Club, and Metro North Train Station to NYC. This lovely classic center hall colonial features 4 bedrooms, 2. 5 bathrooms, a spacious living room with great symmetry and a wood burning fireplace, large dining room with wet bar and built ins, family room with built ins, first floor laundry & mudroom room, eat in kitchen with new appliances, refinished light hardwood floors, a large two car garage, and a lovely porch with screens and glass for three season enjoyment. Sited on a cul-de-sac with significant homes, move right in or renovate when you are ready. Serviced by natural gas & city water. The house and patio are NOT in the flood zone but part of the lot is in the flood zone. See map.
| Type | Description | Level |
|---|---|---|
| Bedroom 1 | Hardwood Floor | Upper |
| Bedroom 2 | Hardwood Floor | Upper |
| Bedroom 3 | Hardwood Floor | Upper |
| Dining Room | Built-In Hutch,Wet Bar,French Doors,Hardwood Floor | Main |
| Eat-In Kitchen | Dining Area | Main |
| Family Room | Built-Ins,Hardwood Floor | Main |
| Full Bath | Tub w/Shower,Tile Floor | Upper |
| Half Bath | Tile Floor | Main |
| Living Room | Built-Ins,Fireplace,Hardwood Floor | Main |
| Primary BR Suite | Full Bath,Stall Shower,Walk-In Closet,Wall/Wall Carpet | Upper |
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William Raveis Real Estate
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Contact@raveis.com
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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 |
|
|---|---|---|---|
| Loan Amount | $1,519,200 | $1,519,200 | $1,519,200 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.500% | 6.250% | 6.000% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.165% | 6.349% | 6.183% |
| Monthly Tax Payment | $1,559 | $1,559 | $1,559 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $8,626 | $9,354 | $12,820 |
| Total Monthly Payment | $10,310 | $11,038 | $14,504 |
* 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.