Opportunity is knocking! This is your chance to own 3 set-back updated units with private beach rights. The lot directly across is in a preserve, giving this property tranquil ocean views. The main house has been completely updated with an open floor plan and spectacular views of the LI sound. The 1st floor has an open concept living updated kitchen, 2 bedrooms, and a full bathroom with a separate soaker tub, stand-up shower plus convenient laundry after a beach day. The second-floor bedroom is the perfect place to unwind after a long day the sliders take you to a wrap-around balcony to relax and take in the ocean air. The sliders off the main level will take you to a private patio for outdoor living equipped with an outdoor shower. The Long driveway provides ample parking. The cottage in the back is a 2 story duplex completely renovated with modern amenities. The first floor has an updated kitchen, full bathroom laundry, and a good-sized bedroom. The second room has fantastic views and would make a great office or guest space. The second-story unit has been gutted to the studs all-new open Floorplan, sheetrock, lighting, new kitchen, Corian counters, and new appliances. 2 bedrooms complete this space. The electrical was completely redone. This duplex has been brought up to modern standards. The 1st floor is leased for $2, 000 per month the 2nd floor is leased for $2, 200 per month. The main house is an academic rental
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William Raveis Real Estate
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William Raveis Mortgage, LLC
Phone: 203.980.8025
Frank.Kolb@raveis.com
NMLS Mortgage Loan Originator ID 81725
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** | 5.625% | 6.375% | 5.875% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.795% | 6.472% | 6.032% |
Monthly Tax Payment | $983 | $983 | $983 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $5,526 | $5,989 | $8,036 |
Total Monthly Payment | $6,634 | $7,097 | $9,144 |
* 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. The Total Monthly Payment does not include the estimated HOA/Common Charge payment.