Superbly sited with 30-mile views across the Titicus Reservoir, Salem Summit is the ultimate hilltop compound. Offering unparalleled privacy, the property is a veritable sanctuary offering every amenity. The gated property is introduced by a handsome cedar shingled guest house. The driveway then winds past a classic red barn and tennis court to a beautiful level plateau. The residence is sited to take advantage of a 180 view of the water and hills beyond. The first floor is open plan with an island kitchen and great room facing the awesome view through floor to ceiling windows. . Multiple wings include a two story library, a gym, 5 bedroom suites and a separate first floor apartment. Outdoor entertaining spaces include multiple stone terraces, balconies and wrap around deck-all with a view. The adjacent pool complex is framed by massive rock outcroppings and leads to a vegetable garden and hidden meadow. Just three miles from the Purdy's train station and just over one hour from Midtown Manhattan. Additional Information: Amenities: Guest Quarters, Tennis, HeatingFuel: Oil Above Ground, ParkingFeatures: 2 Car Attached,
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Our Executive Mortgage Banker:
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$3,500,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 347.223.0992
Sarah.DeFlorio@Raveis.com
NMLS Mortgage Loan Originator ID 1880936
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $2,800,000 | $2,800,000 | $2,800,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.750% | 6.500% | 6.000% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.844% | 6.597% | 6.158% |
Monthly Tax Payment | $9,106 | $9,106 | $9,106 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $16,340 | $17,698 | $23,628 |
Total Monthly Payment | $25,571 | $26,929 | $32,859 |
* 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.