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Can you imagine 8 acres of privacy surrounding your own pristine 3 acre lake, stocked with bass, just steps from your 4 bedroom home and minutes from Long Island Sound and walking distance from the high school? It's one thing to live on a lake. It's quite another to own and enjoy one. Welcome to the Lake House at 53 Oakridge Drive in the Shoreline Town of Westbrook, Connecticut. Imagine, waking up in the morning with a fresh cup of coffee relaxing from a stressful week in the City or simply planning your day. Nothing like enjoying your favorite beverage by the fire-pit watching the sunset over the lake in the evening. Or, having extended family visit to enjoy, not just a pool, but a private 3 acre, 30 foot deep lake. Wow! If it's a pool you want there is plenty of acreage for that, a tennis court; and yes, a helipad. The current owner has successfully landed a helicopter on the property over a half dozen times. If it's golf you enjoy; how about three Par 3 holes around the lake? The home itself is amazing; boasting an eat-in kitchen, four bedrooms and a partially finished walk out lower level; ready to be converted to an in-law suite. The large family room overlooks the lake with access through sliders to the homes deck and fire pit. So many features to enumerate which are attached in the document section. An amazing once in a lifetime opportunity. Westbrook is a mere 5 minutes from the bustling town of Old Saybrook and 15 minutes from prestigious Madison. Listing consists of 2 separate parcels with two different field cards.
| Type | Description | Dimensions | Level |
|---|---|---|---|
| Bedroom 1 | Wall/Wall Carpet | 13.1 x 14.2 | Upper |
| Bedroom 2 | Wall/Wall Carpet | 11.0 x 23.2 | Upper |
| Bedroom 3 | Wall/Wall Carpet | 11.0 x 20.4 | Upper |
| Eat-In Kitchen | 9 ft+ Ceilings,Corian Counters,Eating Space,Island,Pantry,Hardwood Floor | 16.0 x 21.0 | Main |
| Family Room | 9 ft+ Ceilings,Balcony/Deck,Built-Ins,Wet Bar,Fireplace,Wall/Wall Carpet | 15.5 x 27.0 | Main |
| Formal Dining Room | Bay/Bow Window,9 ft+ Ceilings,Hardwood Floor | 15.3 x 13.3 | Main |
| Media Room | Wall/Wall Carpet | 12.4 x 22.3 | Upper |
| Office | Hardwood Floor | 9.0 x 11.3 | Main |
| Primary BR Suite | Bedroom Suite,Full Bath,Whirlpool Tub,Walk-In Closet,Wall/Wall Carpet | 15.3 x 17.3 | Upper |
| Rec/Play Room | Wood Stove,Full Bath,Sliders,Wall/Wall Carpet | 15.0 x 25.7 | Lower |
| Rec/Play Room | Wall/Wall Carpet | 12.6 x 20.3 | Lower |
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William Raveis Real Estate
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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 | $1,036,000 | $1,036,000 | $1,036,000 |
| 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% | 6.361% | 6.183% |
| Monthly Tax Payment | $968 | $968 | $968 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $5,882 | $6,379 | $8,742 |
| Total Monthly Payment | $6,975 | $7,472 | $9,835 |
* 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.