This is a rare opportunity to purchase a spacious 5-bedroom expanded cape in Grantland Beach Association which includes deeded beach and mooring rights ($150. annual dues). This Strongs Neck home was lovingly built in 1954 and is waiting for someone to make this home their own. It sits on a private . 60 acre and is just a short stroll to Grantland Beach. There are beautiful original hardwood floors on the 1st floor, Anderson windows throughout, central air conditioning, and a top-of-the-line furnace (10 years old) This property is being sold 'As Is', indicating that any necessary repairs or updates will be the buyer's responsibility. Please note that the pool liner was recently replaced, but the pump's condition is unknown. Located in the Three Village school district, this home is close to Stony Brook University and Hospital, Stony Brook Village as well as Port Jefferson Village (with a ferry to Connecticut) and is only 60 miles to Manhattan. Do not miss this opportunity.
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William Raveis Real Estate
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VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 347.223.0992
Sarah.Alvarez@Raveis.com
NMLS Mortgage Loan Originator ID 1880936
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $588,000 | $588,000 | $588,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.477% | 7.159% | 6.296% |
Monthly Tax Payment | $1,312 | $1,312 | $1,312 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,912 | $3,908 | $4,959 |
Total Monthly Payment | $5,316 | $5,312 | $6,363 |
* 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.