Exceptional Gold Coast Compound featuring two homes. "Lynrose", masterfully built for Mrs. Herbert Shipman in 1931 by a prominent architect, William Lawrence Bottomley, known for his individualism and detailed execution. "Lynrose" is situated on 3. 66 acres which one enters through the tall brick surrounding walls and private gate providing an exceptional sense of privacy while passing through the gardens and rolling lawns with distant views of the Harbor. This 7, 500 sq. ft. Manor House features exquisite architectural details as it is truly a well appointed residence awaiting a new steward. The large scale entertaining rooms are high ceilinged showcasing handsome fireplaces and millwork. This resort-like property features a pool, pool house, tennis court, and putting hole. There is a substantial second residence/expanded ranch with bright & airy entertaining rooms, Fabulous primary bedroom, five ensuite bedrooms & five baths. Option to lease/income generating or multi-generation compound.
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Our Executive Mortgage Banker:
Our Insurance Division:
$3,850,000
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 | $3,080,000 | $3,080,000 | $3,080,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.375% | 6.250% | 5.750% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.850% | 6.360% | 5.930% |
Monthly Tax Payment | $9,402 | $9,402 | $9,402 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $17,247 | $18,964 | $25,577 |
Total Monthly Payment | $26,774 | $28,491 | $35,104 |
* 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.