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Presented by![]() Michael Riemerschmid |
A very private mini-estate in one of Water Mill's most exclusive south of the highway neighborhoods. This five bedroom, four bathroom home has a huge lawn surrounded by specimen trees and shrubs providing great privacy in a unique setting. A separate large yard area contains a heated pool, gazebo, pergola with swing, Koi pond, pool house, and award-winning flower gardens. There are two living rooms, one upstairs with a spectacular view of Mecox Bay. The house has private docking rights across the street for kayaks and small boats. The Master bedroom on the first floor opens to the pool and has a private bath and en-suite sitting room/library. The house has a sunroom, outdoor patio, dining room for 10, modern kitchen with top of the line appliances, and a large living room opening onto the pool. Additional amenities include European linen and down comforters, two whirlpool baths, steam shower, outdoor shower, audio-equipment throughout the property, WiFi, cable TV, large outdoor grill, and extensive outdoor lighting. Home is used during year by family and is geared for children, with bikes, toys, games and the large lawn available for sports activities. Also available is an Old Town canoe. The gardens are a labor of love and have been on garden tours.
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Our Executive Mortgage Banker:
Our Insurance Division:
$85,000
Licensed Real Estate Salesperson
William Raveis Real Estate
Phone: 917.698.0750
Michael.Riemerschmid@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 | $68,000 | $68,000 | $68,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.750% | 7.125% | 6.250% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.173% | 7.316% | 6.550% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $441 | $458 | $583 |
Total Monthly Payment | $516 | $533 | $658 |
* 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.