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As you cross the 161st Street causeway to get to your home, you enjoy stunning water views and are reminded of the surroundings you are privileged to live amongst. This private crossing is often utilized by your neighbors as an ideal location for taking a stroll, walking the dog, do a bit of shore fishing or even stop to rest on a park bench to unwind.
This large home was recently been updated to create an open concept floor plan. The interior updates include raising the ceiling to expose the natural wood beams of the roof in the kitchen and adjacent great room. The kitchen boasts new upgraded cabinets (2018), new granite (River Blue) summer 2024, new marble backsplash and feature wall (summer 2024). It also features 2 counter seating areas (one at bar height at the front of kitchen entrance and another counter height peninsula at the rear of the kitchen). The bank of the cabinets is extensive (16’) and “drops” into an “eat in” kitchen area that overlooks the water. All three bathrooms have been updated to reflect more current trends that include floor to ceiling tile showers/bath surrounds, porcelain tile floors, new lighting, mirrors, sinks and faucets. The secondary bedrooms ( ) had new windows installed September 2024. New waterproof vinyl plank flooring was installed throughout the home with the exception of 2 secondary bedrooms (spring 2024). Walls were textured and 5. 25” baseboards installed throughout the house. Great room has a newer ledger rocked wall with electric fireplace installed.
The large master bedroom ensuite (also with direct water views) includes a walk in closet with barn door entry and an ensuite bath with two vanity areas. Each bedroom of the house has a special feature to be noted . The front bedroom includes a built-in desk and has been designed to act as a second ensuite; the second bedroom includes a cedar closet and can also be easily converted into an ensuite; the third bedroom/office features a solid wood lead glass door. This home provides ample storage space including a walk-in storage room measuring 23’ x 3. 8’ lined with built in shelves.
The exterior of the home has also been updated.
New composite TREX decking has been installed on the dock (2024). The dock has a boat lift and davit as well as running water and electric. Other updates include an exterior facelift by incorporating ledger rock on the front porch facade. The patio provides an outdoor living area that features a new outdoor electric fireplace (using the same ledger rock as the front porch facade) which incorporates a custom made tv storage box mounted on it.
The home sustained damage from Hurricanes Helene and Milton. The home has been remediated, disinfected and is nearly ready for restoration. All interior photos were taken post hurricanes so they reflect the true condition of the home. Any full walls you see in the photos are solid concrete (not drywall faced) so only required disinfectant for remediation. The updated features identified above have been carefully secured and are available for re-installation. Lower kitchen cabinets need minor restoration but if preferred, can be replaced by local cabinet vendor. Independent appraisal was done which increased the structure value to $431, 287. Paperwork should allow restoration of the home or, if you prefer, you can demolish it and start new.
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RVP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 917.838.7300
Melissa.Cohn@raveis.com
NMLS Mortgage Loan Originator ID 16953
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $859,200 | $859,200 | $859,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.000% | 6.625% | 6.375% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.811% | 6.727% | 6.560% |
Monthly Tax Payment | $1,089 | $1,089 | $1,089 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $5,151 | $5,502 | $7,426 |
Total Monthly Payment | $6,365 | $6,716 | $8,640 |
* 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.