Presented byLori Lambert |
653 Head of Pond, Water Mill. Gated Water Mill North estate on 1. 5 acres with open views to agricultural reserve and polo field. Located just east of Southampton Village, close to ocean beaches. Five bedrooms plus study or 6th bedroom, four and a half baths. Large master suite with spa like bathroom, private dressing room, study, wet bar and outdoor terrace. The south facing manicured lawn has mature plantings and tall hedges, affording total privacy. Newly built 1, 900 square foot blue stone patio extends the length of the house to the 50 x 20 heated gunite pool. Double height ceiling living room with wood burning fireplace and a wall of French doors with direct access to the pool patio and garden. Formal dining room with fireplace and adjacent wet bar with continuous ice-making Sub-Zero bar fridge with freezer. BOSE Lifestyle surround sound music system and speakers throughout house allow stored and online music content to be played wirelessly from computers or hand held devices. Spectacular new designer kitchen (2022) with professional appliances; white Arabescato Corchia marble countertops and oversized island. Octagonal, gazebo-like enclosed breakfast room overlooks pool patio and garden. Radiant heat floors in kitchen, breakfast room and master bath; 4 masonry, wood burning fireplaces. Lighting, thermostats and alarm systems can be operated remotely via Internet. Town gas provides continuous supply to pool heater, outdoor Weber grill and kitchen stove. Property has current Town of Southampton rental permit No. RP 170055. .
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Our Executive Mortgage Banker:
Our Insurance Division:
$120,000
Licensed Real Estate Salesperson
William Raveis Real Estate
Phone: 917.692.9564
Lori.Lambert@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 | $96,000 | $96,000 | $96,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.875% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.191% | 7.159% | 6.276% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $631 | $638 | $810 |
Total Monthly Payment | $706 | $713 | $885 |
* 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.