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Presented by![]() Mary Morrison |
Southold North Fork - Historic Main Bayview schoolhouse converted to country residence located at 5650 North Bayview Road, Southold. Available for winter rental, September 15, 2024 - May 31, 2025 $3, 900 per month plus utilities, etc. Country residence features 5 bedrooms in historic Main Bayview Schoolhouse converted to residence - sleeps max 10 people. Pet friendly. Equidistant to Cedar Beach and Goose Creek Beach. Moments to village of Southold, North Fork wine trail, area shops and top tier restaurants. An ideal vacation destination OR winter residence. Private fenced yard. Living room features woodstove. Finished lower level offers playspace or make it a home office. Available Winter (through May) $3, 900 per month; June $8, 000; July $10, 000. Rental permit# 0336
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Our Executive Mortgage Banker:
Our Insurance Division:
$10,000
Luxury Properties Specialist
William Raveis Real Estate
Phone: 781.264.5131
Mary.Morrison@Raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 339.224.0866
Scott.Petersen@raveis.com
NMLS Mortgage Loan Originator ID 32556
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $8,000 | $8,000 | $8,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.625% | 6.625% | 5.750% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.695% | 6.810% | 6.026% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $46 | $51 | $66 |
Total Monthly Payment | $121 | $126 | $141 |
* 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.