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Encore Lake Grove is a luxury 55+ active lifestyle condominium, and this is a beautiful Contempo model with - one of very few built in this community! This unit has been updated and has a definite "WOW" factor as soon as you step foot inside! It has soaring ceilings with beautiful angles. The Contempo is the only model with an extra room on the main level, that can be used as a library, den, or office. Additionally, on the main level, is a dining room, living room, eat-in kitchen leading to a private patio, the primary bedroom with private bath, laundry, and door to your 2-car garage. Looking out the large livingroom windows is like looking onto a fairway or into a private garden with lovely landscaping. Upstairs is your second bedroom, full bath, and loft - great for relaxing or hosting guests. The large clubhouse boasts card rooms, ballroom, billiard room, exercise room, indoor heated saltwater pool, saunas, and many activities and events. Outdoors are tennis and pickleball courts, putting green, bocce, shuffleboard, ping pong, heated inground saltwater pool, fireplace, barbeque, and areas for relaxing or socializing. Gated community with 24-hour manned gatehouse. Across from Smithhaven Mall, Stony Brook Medical, Trader Joe's, Whole Foods, AMC Movie Theater, Lowes, Marshall's, Costco, Wegman's, and SO many restaurant choices! IT DOESN'T GET BETTER THAN THIS!! One time initiation fee - $3000. 00. Low Village of Lake Grove tax - $289. 79.
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Our Executive Mortgage Banker:
Our Insurance Division:
$820,000
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 | $656,000 | $656,000 | $656,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.625% | 6.625% | 6.125% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.663% | 6.764% | 6.309% |
Monthly Tax Payment | $528 | $528 | $528 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,776 | $4,200 | $5,580 |
Total Monthly Payment | $4,396 | $4,820 | $6,200 |
* 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. The Total Monthly Payment does not include the estimated HOA/Common Charge payment.