Shovel ready with approved plans and permits, experience waterfront living at its finest at 54 Rampasture Rd, Hampton Bays! This expansive 1. 1-acre lot on Tiana Bay, the largest available vacant lot in Hampton Bays, offers over 140 feet of pristine shoreline. With building permits in place, you can break ground on the day of closing and begin crafting your dream home immediately. The property includes meticulously designed plans for a luxurious 4-bedroom, 4. 5-bathroom new construction, featuring a 2-car garage, pool, basement, and approximately 3, 425 square feet spread across the first and second floors. Enjoy the grandeur of 10' ceilings on the first floor and 9' ceilings on the second floor, enhancing the home's spacious and airy feel. Additionally, there is an option to expand the lower level to include an additional full bathroom and 2 more bedrooms, transforming the home into a magnificent 6-bedroom, 5. 5-bathroom retreat. For boating enthusiasts, there's potential for a permitted dock, providing direct access to the bay. This property is your gateway to creating a bespoke coastal retreat. Don't miss this rare opportunity to own a piece of paradise!
Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
Our family of companies offer our clients a new level of full-service real estate. We shall:
To learn more about our credentials, visit raveis.com today.
Our Executive Mortgage Banker:
Our Insurance Division:
$1,249,000
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 | $999,200 | $999,200 | $999,200 |
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 | N/A | N/A | N/A |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $5,831 | $6,316 | $8,432 |
Total Monthly Payment | $5,956 | $6,441 | $8,557 |
* 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.