This home is ideally located, beautifully designed, and pristinely maintained. Nestled between Long Island Sound and the charming Village of Madison, this hidden gem offers unparalleled privacy and modern luxury. Completely rebuilt in 2014, this 5-bedroom, 4, 400 sq. ft home boasts a light, bright and airy atmosphere with stunning ceiling heights and custom finishes throughout. This is not a cookie cutter home. If you love it, there is nothing else comparable. Each spacious bedroom features its own bathroom. There is a first-floor bedroom and full bath with private entry and attached living room, enabling first-floor living, or increased peace and privacy for in-laws or guests. The manicured grounds are unusually large for this sought-after location in Madison. The rear of the property offers right of way to land owned by the Madison Land Trust. There is also potential for an in-ground pool. There is an outdoor fireplace, custom-built pergola, and an Ipe deck off of the kitchen for outdoor dining. A two-car garage and large storage room add practical convenience. Water views from the bedroom. Just a stone's throw from Long Island Sound, in addition to East and West Wharf beaches, there is a little stretch of sandy beach at the end of Island Avenue where one can access the water. Walk to Madison's beloved downtown shops, bookstore, restaurants and town green. Then walk back home to your sanctuary!
Type | Description | Dimensions | Level |
---|---|---|---|
Bedroom 1 | Hardwood Floor | 10.1 x 20.7 | Upper |
Bedroom 2 | Hardwood Floor | 12.0 x 22.0 | Upper |
Bedroom 3 | Hardwood Floor | 12.0 x 22.0 | Upper |
Family Room | Hardwood Floor | 13.0 x 21.0 | Main |
Kitchen | 9 ft+ Ceilings,Hardwood Floor | 17.0 x 22.0 | Main |
Living Room | 9 ft+ Ceilings,Fireplace,Hardwood Floor | 17.0 x 22.0 | Main |
Primary BR Suite | Full Bath | Main | |
Primary BR Suite | 9 ft+ Ceilings,Cathedral Ceiling,Full Bath,Walk-In Closet,Hardwood Floor | 18.9 x 18.1 | Upper |
Study | Hardwood Floor | 8.1 x 10.1 | Main |
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NMLS Mortgage Loan Originator ID 793093
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $1,800,000 | $1,800,000 | $1,800,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.625% | 6.375% | 5.875% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.795% | 6.472% | 6.032% |
Monthly Tax Payment | $2,013 | $2,013 | $2,013 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $10,362 | $11,230 | $15,068 |
Total Monthly Payment | $12,500 | $13,368 | $17,206 |
* 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.