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Welcome to 56 Inlet Rd W, a charming two-story cape home nestled in the heart of Hampton Bays, NY. This delightful residence, offering 3 well-sized bedrooms and a full bathroom, spans approximately 1, 400 sq ft of interior living space. The property is set on a generous, nearly half-acre lot, offering ample room for outdoor activities and gardening. The home’s key feature is its potential for customization. While it currently requires some tender loving care, the possibilities for transforming this space into your dream home are endless. The property includes a crawl space with both interior and exterior access, providing additional storage or development opportunities. Adding to its charm, this home offers distant water views, making it a perfect retreat for those seeking tranquility and relaxation. The property also includes a detached, two-story, non-conforming 2-car garage, providing extra space for vehicles or potential for a workshop or studio. Location is another significant advantage of this property. It is conveniently situated close to the Hampton Jitney and Southampton Train Station, making commuting or traveling a breeze. The property is also minutes away from Southampton Stony Brook College and a short drive from the Village of Southampton, known for its beautiful ocean beaches and vibrant community life. The nearby Hampton Bays Town is just a few minutes away, offering a variety of local amenities including shopping, dining, and recreational activities. The property is located across from the serene Cold Spring Pond and in close proximity to the picturesque Peconic Bay Beach, providing numerous opportunities for water-based activities. Whether you're looking for a weekend getaway, a year-round residence, or a potential rental investment, 56 Inlet Rd W offers a unique blend of potential, location, and natural beauty. This property is a gem waiting to be discovered in a sought-after community.
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Our Executive Mortgage Banker:
$989,900
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 | $791,920 | $791,920 | $791,920 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.250% | 6.000% | 5.750% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.069% | 6.110% | 5.932% |
| Monthly Tax Payment | $373 | $373 | $373 |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $4,373 | $4,748 | $6,576 |
| Total Monthly Payment | $4,838 | $5,213 | $7,041 |
* 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.