40 Scholar Lane, Commack, NY, 11725 | $899,000

This exceptional, oversized residence sits on an expansive property and offers a truly unique lifestyle. The fully fenced backyard is designed for both relaxation and recreation, featuring a full basketball court, in-ground pool (ranging from 4’ to 11’) with a newer pump and Loop-Loc cover, as well as mature peach and apple trees, grapevines, and a dedicated garden area. The home includes a 7-year-old roof and owned, fully paid solar panels for added efficiency. The property is equipped with a 5-zone in-ground sprinkler system. Inside, you’ll find a spacious eat-in kitchen with maple cabinetry, granite countertops, glass tile backsplash, farmhouse sink, and direct access to the deck, perfect for entertaining. Bathrooms have been tastefully updated, including a main bath with a modern illuminated mirror. The lower level offers a large versatile room with a walk-in closet and separate outside entrance, ideal for extended living. Additional features include a living area with yard access and a combined laundry/office space. A fantastic opportunity with flexible living space, ideal for guests. Some photos may be virtually staged.

Features

  • Rooms: 10
  • Bedrooms: 4
  • Baths: 2 full / 1 half
  • Style: Hi Ranch
  • Year Built: 1963
  • Garage: 2.5-car
  • Heating: Oil
  • Cooling: Wall/Window Unit(s)
  • Approx Sq. Feet: 2,442
  • Acreage: 0.52
  • Est. Taxes: $16,013
  • Elem. School: North Ridge School
  • Middle School: Commack Middle School
  • High School: Commack High School
  • School District: Commack
  • Pool: Yes
  • Appliances: Dishwasher, Dryer, Electric Oven, Oven, Refrigerator, Washer, Oil Water Heater
  • MLS#: 978852
  • Days on Market: 17 days
  • Website: https://www.raveis.com
    /prop/978852/40scholarlane_commack_ny?source=qrflyer
Listing information has been assembled from various sources of varying degrees of reliability. Any information critical to the buying decision should be independently verified.

William Raveis Family of Services

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Amy GworekLuxury Properties Specialist

617.571.2390

Amy.Gworek@Raveis.com

Our family of companies offer our clients a new level of full-service real estate. We shall:

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Andrew van DykVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 23716

781.490.5670

Andrew.vanDyk@raveis.com

Our Executive Mortgage Banker:

  • Is available to meet with you in our office, your home or office, evenings or weekends
  • Offers you pre-approval in minutes!
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Paul BerriosRegional SVP, Insurance Sales Producer, William Raveis Insurance

978-337-3053

Paul.Berrios@raveis.com

Our Insurance Division:

  • Will Provide a home insurance quote within 24 hours
  • Offers full-service coverage such as Homeowner's, Auto, Life, Renter's, Flood and Valuable Items
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    Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable

40 Scholar Lane, Commack, NY, 11725

$899,000

Amy Gworek

Luxury Properties Specialist

William Raveis Real Estate

Phone: 617.571.2390

Amy.Gworek@Raveis.com

Andrew van Dyk

VP, Mortgage Banker

William Raveis Mortgage, LLC

Phone: 781.490.5670

Andrew.vanDyk@raveis.com

NMLS Mortgage Loan Originator ID 23716

5/6 (30 Yr)
Adjustable Rate Jumbo*
30 Year
Fixed-Rate Jumbo
15 Year
Fixed-Rate Jumbo
Loan Amount $719,200 $719,200 $719,200
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 $1,334 $1,334 $1,334
H/O Insurance Payment $92 $92 $92
Initial Principal & Interest Pmt $3,971 $4,312 $5,972
Total Monthly Payment $5,397 $5,738 $7,398

* 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.