WATERFRONT EAST PATCHOGUE. . NEW CONSTRUCTION ON THE GREAT SOUTH BAY. This 2200 sq ft home is situated on a quiet dead end street. in the hamlet of East Patchogue. The main floor is an expansion of living room and studio or entertainment room. Open floor plan to formal dining room. Whie and bright generous kitchen with stainless steel appliances. Expansive views of the Great South Bay from every room. The master bedroom has stunning views of the Great South Bay and Fire Island. This is an energy efficient and environmentally approved home The supporting steel pilings are encased in concrete and resilient hurricane straps envelope the structure. The house is elevated 13. 5 ft to further enhance the panoramic views. The surrounding streets have been reconstructed with sub surface drains rendering the area virtually flood free. Flood insurance is available but nor required. The sunrises and sunsets are breathtakingly beautiful and the oversized lot160x160 would allow for expansion. Water views from every room. Perfect for summer retreat or year round residence. Minutes from Bellport Village and a pleasnt short drive to ocean beaches and North Fork Vineyards
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Our Executive Mortgage Banker:
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$1,200,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
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 Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $960,000 | $960,000 | $960,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.375% | 6.125% | 5.625% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.769% | 6.270% | 5.864% |
Monthly Tax Payment | $1,333 | $1,333 | $1,333 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $5,376 | $5,833 | $7,908 |
Total Monthly Payment | $6,834 | $7,291 | $9,366 |
* 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.