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Constructed during the Gold Coast era "Apple Trees" reflects the magnificence of the time when wealthy New York City businessmen flocked to Long Island's north shore to build their estates. With stately architectural elements, tall ceilings, mullioned windows and grandly proportioned rooms, the home is a distinguished memento of that fabled period. Sited on 15+ acres with a long, winding drive, the home was built as a wedding present for Junius Spencer Morgan, son of financier, J. P. Morgan. The Tudor Revival estate by architect, Roger H. Bullard, has a classic exterior of stucco with ornamental brickwork, gables, and a slate roof. Bullard later went on to design the Maidstone Club in East Hampton and the Morgan's next home, 'Salutation. ' The sprawling grounds are filled with mature rhododendron, specimen trees and meticulously pruned shrubbery. Outdoor amenities include a Har-Tru tennis court, a Putting Green, Gunite Pool with Pool House plus a 4-car Garage with Caretaker's residence and a Barn. 'Apple Trees' is an opportunity to own a piece of history still imbued with the character of the past improved with updates for today's lifestyle. Wide moldings, fine woodwork and oversized fireplaces showcase the ambiance carefully honored in every room. Entertaining rooms each have distinctive features; the airy Living Room with picture frame molding, a Study paneled in mahogany, the formal Dining Room with classic built-in china cabinets and a long Sun Room with brick flooring. The spacious Game Room is a place to gather with a cozy sitting area around the fireplace, a dining area, kitchenette and plenty of room for the pool table and more. A unique temperature controlled Wine Room is a wonderful amenity. The updated Kitchen provides a long center island perfect for food prep or baking, an abundance of storage, Sub-Zero refrigerator and freezer, gas cooking and access to Laundry and the Greenhouse. The Primary Bedroom on the 2nd floor is a large, corner room with a fireplace overlooking the vast lawns. With multiple closets, an outfitted Dressing Room, 2 Bathrooms and a Steam Room and Sauna, it is an exceptional sanctuary. There are 5 additional Bedrooms 6 Bathrooms in this wing plus a Servants Wing with additional Bedrooms and Baths plus a back staircase. Just minutes from the hamlet of Locust Valley, this once in a lifetime opportunity awaits.
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Our Executive Mortgage Banker:
Our Insurance Division:
$9,985,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@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 Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $7,988,000 | $7,988,000 | $7,988,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.250% | 6.125% | 5.875% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.517% | 6.235% | 6.058% |
Monthly Tax Payment | $8,520 | $8,520 | $8,520 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $44,110 | $48,536 | $66,869 |
Total Monthly Payment | $52,755 | $57,181 | $75,514 |
* 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.