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104 Grohmans Lane, Oyster Bay (Plainview), NY, 11803 | $1,500,000
The possibilities are endless here! A home on over half an acre of land! 4 bedrooms on same level, 2 bathrooms, waterproofed basement with a separate entrance, detached garage, butler pantry, upstairs laundry, Jennair kitchen appliances, coifered ceiling in the living room, banquet size dining room, den, Andersen windows, gas fireplace, 2 zone heat, 200 amp electric, roof completely redone with existing plywood removed and new plywood installed. Also 1 layer of Architectural Shingles Owens Corning installed. Young boiler and hot water heater (2012), and a full walkup attic! Bonus: plenty of room to accommodate parking for multiple cars! Development opportunity: The Premises also has redevelopment potential for a builder, as the owner has prepared two subdivision concepts for the property! The first concept contemplates the existing dwelling being maintained (and fully compliant with Town of Oyster Bay zoning code), with the newly created second parcel being a flag lot that would require variances from the Town of Oyster Bay Zoning Board of Appeals. The second concept would require a builder to demolish the existing dwelling and split the existing parcel in half along the Grohmans Lane frontage. The second subdivision concept would require variances from the Town of Oyster Bay Zoning Board of Appeals for both parcels. Of course, once any variances are obtained from the Town of Oyster Bay, the builder would then have to apply to the Nassau County Planning Commission for subdivision approval. The sale of the property is “as-is” and will not be contingent on any variances and/or subdivision approvals from the Town of Oyster Bay or the Nassau County Planning Commission. Documentation reflecting the foregoing is available upon request. Taxes stated do not reflect any exemptions or deductions.
Features
- Town: Oyster Bay
- Rooms: 8
- Bedrooms: 4
- Baths: 2 full
- Style: Colonial
- Year Built: 1924
- Garage: 1-car
- Cooling: Wall/Window Unit(s)
- Basement: Full, Unfinished, Walk-Out Access
- Approx Sq. Feet: 2,618
- Acreage: 0.54
- Est. Taxes: $19,764
- Elem. School: Contact Agent
- Middle School: John F Kennedy Middle School
- High School: Bethpage Senior High School
- School District: Bethpage
- Appliances: Dishwasher, Dryer, Gas Range, Refrigerator, Stainless Steel Appliance(s), Washer
- MLS#: 852018
- Website: https://www.raveis.com
/eprop/852018/104grohmanslane_oysterbay_ny?source=qrflyer
William Raveis Family of Services
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Customer Service
888.699.8876
Contact@raveis.com
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To learn more about our credentials, visit raveis.com today.
Sarah DeFlorioVP, Mortgage Banker, William Raveis Mortgage, LLC
NMLS Mortgage Loan Originator ID 1880936
347.223.0992
Sarah.DeFlorio@Raveis.com
Our Executive Mortgage Banker:
- Is available to meet with you in our office, your home or office, evenings or weekends
- Offers you pre-approval in minutes!
- Provides a guaranteed closing date that meets your needs
- Has access to hundreds of loan programs, all at competitive rates
- Is in constant contact with a full processing, underwriting, and closing staff to ensure an efficient transaction
Robert ReadeRegional SVP Insurance Sales, William Raveis Insurance
860.690.5052
Robert.Reade@raveis.com
Our Insurance Division:
- Will Provide a home insurance quote within 24 hours
- Offers full-service coverage such as Homeowner's, Auto, Life, Renter's, Flood and Valuable Items
- Partners with major insurance companies including Chubb, Kemper Unitrin, The Hartford, Progressive,
Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable
104 Grohmans Lane, Oyster Bay (Plainview), NY, 11803
$1,500,000
Customer Service
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
Sarah DeFlorio
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 347.223.0992
Sarah.DeFlorio@Raveis.com
NMLS Mortgage Loan Originator ID 1880936
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5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
|---|---|---|---|
| Loan Amount | $1,200,000 | $1,200,000 | $1,200,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.500% | 6.625% | 6.125% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.614% | 6.727% | 6.309% |
| Monthly Tax Payment | $1,647 | $1,647 | $1,647 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $6,813 | $7,684 | $10,208 |
| Total Monthly Payment | $8,585 | $9,456 | $11,980 |
* 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.
William Raveis Mortgage, LLC, NMLS ID 2630, 7 Trap Falls Road, Shelton, CT 06484
NY Licensed Mortgage Banker-NYS Banking Department LMBC 106535