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A rare offering presents itself in sought-after Stonington Commons. This wonderful pied-a-terre or full time residence is available for the first time since purchased from the developers. This one bedroom unit features sweeping sea views over Fisher's Island Sound, Montauk, and the mouth of Stonington Harbor. Boasting large open spaces with gleaming wood floors, a marble gas fireplace, an impressive amount of built-in storage, crown moulding and high ceilings, this condo wants for nothing. The south facing, light filled spaces of both the living area and bedroom invite the sea inside through large windows and glass doors leading to the spacious balcony and the smell of salt air. The theme of generously sized rooms throughout continues in the bathroom with the intricately tiled jacuzzi tub and step-in shower, double sink and large linen closet. The bedroom connects to the bath and wardrobe area which can be closed off to create a grand ensuite feel. A covered parking space is included. Stonington Commons occupies the former Atwood Machine Company/Trumbull Iron Works site (1851) on a prominent swath of Borough waterfront, steps to all the shops, restaurants, amenities, recreation and water access that the village offers. The grounds also house the heralded La Grua Center, offering cultural programs and the Stonington Harbor Yacht Club with a restaurant and bar, which residents can join. Stonington is well connected with NYC and Boston, but one may forget that once here. . .
| Type | Description | Level |
|---|---|---|
| Eat-In Kitchen | Main | |
| Living Room | Main | |
| Primary Bath | Double-Sink,Full Bath,Stall Shower | Main |
| Primary Bedroom | Main |
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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 | $1,196,000 | $1,196,000 | $1,196,000 |
| 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% | 6.349% | 6.183% |
| Monthly Tax Payment | $1,173 | $1,173 | $1,173 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $6,791 | $7,364 | $10,093 |
| Total Monthly Payment | $8,089 | $8,662 | $11,391 |
* 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.