1 Somerset Drive S, Old Westbury (Great Neck), NY, 11020 | $5,350,000

Great Neck, NY - Magnificent 7-bedroom Tudor estate, set on 1. 0285 landscaped acres, completed in 1930 and exquisitely updated and dressed to perfection. Nestled within the University Gardens neighborhood (fees/dues). Expansive bluestone patio with built-in summer kitchen. Striking foyer with a grand bifurcated staircase and a soaring coffered ceiling. Principal rooms filled with natural light. Impressive formal living room, library/office, sophisticated dining room, kitchen with furniture-like custom wood cabinetry. There are 2 sumptuous primary suites with 5 additional luxurious bedrooms, spa-like baths with radiant heat and custom closets with fittings. Lower level features a spacious entertainer's recreation room, a theatre room, a gym, baths, a sauna, a laundry room and access to the three-bay attached garages. Smart Savant AV system, central vacuum, irrigation, landscape lighting. , Additional information: Appearance: Excellent, Interior Features: Marble Bath, Separate Hotwater Heater: Y

Features

  • Town: Old Westbury
  • Amenities: Park
  • Rooms: 13
  • Bedrooms: 7
  • Baths: 8 full / 2 half
  • Style: Tudor
  • Year Built: 1930
  • Heating: Natural Gas, Hot Water
  • Cooling: Central Air
  • Basement: Walk-Out Access, Finished, Full
  • Est. Taxes: $68,117
  • Elem. School: Lakeville Elementary School
  • Middle School: Great Neck South Middle School
  • High School: Great Neck South High School
  • School District: Great Neck
  • Appliances: Gas Water Heater, Cooktop, Dishwasher, Dryer, Refrigerator, Washer
  • MLS#: 3568259
  • Days on Market: 130 days
  • Website: https://www.raveis.com
    /eprop/3568259/1somersetdrives_oldwestbury_ny?source=qrflyer
Listing information has been assembled from various sources of varying degrees of reliability. Any information critical to the buying decision should be independently verified.Listing courtesy of Daniel Gale Sothebys Int'l   Phone: 516-466-4036

William Raveis Family of Services

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Sarah DeFlorioVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 1880936

347.223.0992

Sarah.DeFlorio@Raveis.com

Our Executive Mortgage Banker:

  • Is available to meet with you in our office, your home or office, evenings or weekends
  • Offers you pre-approval in minutes!
  • Provides a guaranteed closing date that meets your needs
  • Has access to hundreds of loan programs, all at competitive rates
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Robert ReadeRegional SVP Insurance Sales, William Raveis Insurance

860.690.5052

Robert.Reade@raveis.com

Our Insurance Division:

  • Will Provide a home insurance quote within 24 hours
  • Offers full-service coverage such as Homeowner's, Auto, Life, Renter's, Flood and Valuable Items
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    Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable

1 Somerset Drive S, Old Westbury (Great Neck), NY, 11020

$5,350,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Sarah DeFlorio

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 $4,280,000 $4,280,000 $4,280,000
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 $5,676 $5,676 $5,676
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $24,977 $27,053 $36,117
Total Monthly Payment $30,778 $32,854 $41,918

* 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.