Here is your chance to customize new construction mansion in the heart on Merrick! Sitting on an oversized lot this 5 bedroom, 5, 5-bathroom house has it all! 4400 sq ft house plus 2000 sq ft finished basement with 9 feet high ceilings, almost 7000 sq ft living space! Exterior features Azek siding, standing seam metal roof, Fiberon cladding, modern , 6 foot wide double door! Wide plank European white oak flooring, custom kitchen with dual waterfall, quartz island! Marble mosaic backsplash, top of the line appliance package with 8 burner range and a double oven! Large formal dining room and large living room, family room with fireplace, full bedroom/office with ensuite bathroom and a powder room on the first floor! Second floor features 4 bedrooms, 3 bathrooms including junior primary with bathroom and walk in closet, massive primary bedroom with 2 walking closets and a stunning bathroom with a double vanity, free standing tub and dual head shower! Few on many upgrades include: Spray foam insulation, 7 zone sprinkler system, all new sod and fence, paver patio, security cameras, the whole house is pre wired for internet and TV cable, family room and primary bedroom and basement comes with installed surround system, house has tankless water heater system and so much more! Large backyard offers plenty of space for swimming pool, outdoor kitchen or anything else you wish! PLEASE NOTE HOME IS UNDER CONSTRUCTION! EXPECTED DELIVERY DATE IS MAY 2025! PICTURES ARE FROM THE OTHER PROJECTS BY THE SAME BUILDER AND ARE FOR DEMONSTRATION PURPOSES ONLY, ACTUAL FINISHES MAY VARY!
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Our Executive Mortgage Banker:
Our Insurance Division:
$1,900,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
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 | $1,520,000 | $1,520,000 | $1,520,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.250% | 6.125% | 5.625% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.502% | 6.220% | 5.781% |
Monthly Tax Payment | $1,200 | $1,200 | $1,200 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $8,394 | $9,236 | $12,521 |
Total Monthly Payment | $9,719 | $10,561 | $13,846 |
* 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.