Presented byMichael Gary |
This 4, 800 sq. ft. , 5 bedroom 5 bathroom Post Modern home at 491 Butter Lane, Bridgehampton has three levels with finished basement is conveniently located just minutes from Bridgehampton ocean beaches, shops and restaurants. First Floor consists of living room and dining area with double sided fireplace. The well equipped kitchen is near and open to the living room and dining room. There is a sun room off the living room. There are three bedrooms, one en-suite that could be used as a primary (on the first floor) although there is a large primary bedroom en-suite on the second floor. There is an artist studio/guest house that consists of a room with queen bed, sofa, microwave, and refrigerator and full bath. The pool is heated and there is a no chlorine copper system so less of a chlorine smell. There is an office set up and desks with ergo chairs in two bedrooms. The 1200 Sq. Ft finished lower level consists of large gym area with massage chair, laundry, formal bar and full bath. The house has been meticulously maintained throughout the years.
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Our Executive Mortgage Banker:
Our Insurance Division:
$100,000
Licensed Associate Real Estate Broker
William Raveis Real Estate
Phone: 631.897.5969
Michael.Gary@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 Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $80,000 | $80,000 | $80,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.750% | 6.990% | 5.875% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.153% | 7.146% | 6.160% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $519 | $532 | $670 |
Total Monthly Payment | $594 | $607 | $745 |
* 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.