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261 Madison Street, Southampton (Sag Harbor), NY, 11963 | $3,500,000
Sag Harbor Village Compound with Main Home and Cottage Your unique opportunity to purchase 2 houses being sold together at this price each on separate adjacent lots in the heart of Sag Harbor Village. The cottage includes a cozy living room, eat-in-kitchen and one ensuite bedroom with a full bath. The private back yard is currently fenced for privacy or can be incorporated into the yard next door, a Classic refurbished two story Sag Harbor 4 Bed, 3 Bath home with a substantial yard and accessory building to be used as an artist studio, writer's retreat or a common gathering place for casual entertaining. See the listing at 263 Madison Street for details. The bedroom count above includes both properties and is a totaling . 30 acres and 5 bedrooms. larger home is blessed with original yet impeccably maintained wide planked floors, moldings, doorways and stairwell yet the mechanicals are completely upgraded with an indirect natural gas heating/air-conditioning systems, and digital Honeywell temperature gauges. The demur entry leads to a spacious double living room with an ensuite bedroom, formal dining room or den and a grand kitchen measuring the full width of the home. The Baby Grand piano is an added plus. The second floor has 2 guest bedrooms and an oversized primary bedroom, numerous closets with an ensuite bath and a south east facing balcony for morning tea. Enjoy sitting or dining al fresco and grilling on the first floor back deck while looking over the lush yard. With proximity to Havens Beach, Long Beach( Foster Memorial) and pristine ocean beaches or a day of shopping and dining in Sag Harbor village, an outdoor shower or a future pool out back might be the fitting end to a perfect day in the Hamptons.
Features
- Town: Southampton
- Rooms: 13
- Bedrooms: 5
- Baths: 4 full
- Style: Cottage, Traditional
- Year Built: 1900
- Heating: Natural Gas
- Cooling: Central Air, Wall/Window Unit(s)
- Basement: Bilco Door(s), Partial, Unfinished
- Approx Sq. Feet: 2,500
- Est. Taxes: $14,795
- Elem. School: Sag Harbor Elementary School
- Middle School: Pierson Middle/High School
- High School: Pierson Middle/High School
- School District: Sag Harbor
- Appliances: Dishwasher, Dryer, Gas Range, Microwave, Refrigerator, Stainless Steel Appliance(s), Indirect Water Heater
- MLS#: 806470
- Days on Market: 1 day
- Website: https://www.raveis.com
/eprop/806470/261madisonstreet_southampton_ny?source=qrflyer
William Raveis Family of Services
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Customer Service
888.699.8876
Contact@raveis.com
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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
- Is in constant contact with a full processing, underwriting, and closing staff to ensure an efficient transaction
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
- Partners with major insurance companies including Chubb, Kemper Unitrin, The Hartford, Progressive,
Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable
261 Madison Street, Southampton (Sag Harbor), NY, 11963
$3,500,000
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
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5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
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|---|---|---|---|
| Loan Amount | $2,800,000 | $2,800,000 | $2,800,000 |
| 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 | $1,233 | $1,233 | $1,233 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $16,340 | $17,698 | $23,628 |
| Total Monthly Payment | $17,698 | $19,056 | $24,986 |
* 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.
William Raveis Mortgage, LLC, NMLS ID 2630, 7 Trap Falls Road, Shelton, CT 06484
NY Licensed Mortgage Banker-NYS Banking Department LMBC 106535