Build new or renovate…
on a near half acre, zoned R10, 60 per cent clearing allowance, in the highly desirable Shinnecock Hills, a quarter mile to Old Fort Pond, with a 26’ x 36’ heated salt-water pool built in 2014, set among beautiful landscaping. Shinnecock Hills residents love it for the drive time from NYC, the access to marinas just minutes away and how close it is to Hampton Bays ocean beach, waterfront restaurants and shopping and to Southampton village ocean beach, restaurants and shops. A great opportunity to renovate or build new in a neighborhood where homes (not on the water) trade above $4 million. Fuji CEN7 low-nitrogen septic for 6 bedrooms installed by South Fork Septic in 2021.
7 Gegan Drive, Southampton, NY, 11968
The rates and annual percentage rate (APR) displayed are based upon the following assumptions: a 20% down payment (e.g. $20,000 down on a $100,000 purchase price), conforming loan amount, $1,950 in finance charges, 30 days prepaid interest, 1 point, 30 day rate lock. The rates and annual percentage rate (APR) will vary depending upon the actual down payment percentages, points and fees for your transaction. Rates and the margin for adjustable rate mortgages [if applicable] are subject to change without prior notice and may vary with your unique credit history, and terms of your loan. The rates displayed vary by property state, may change or not be available at commitment or closing or may be subject to product restrictions.
The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first five years (for a 5/6 ARM) or seven years (for a 7/6 ARM) 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.
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