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When I stumbled upon 5 Oak Brook Lane, nestled in the charming Merrick Woods section of Merrick, I knew I had found something special. I’ve seen a lot of homes in my day—some too big, some too small—but this 5–6 bedroom Ranger Ranch? It felt just right. The circular paved driveway made arriving a breeze (no wandering through the woods for this girl!), and as soon as I stepped inside—shoes off, of course—I was greeted by a sun-drenched entry that felt warm and inviting. The home was so spotless and well cared for, I knew someone had really loved it. To the left, the layout flowed effortlessly into the living room, kitchen, and cozy den. To the right? A guest bedroom, full bath, and a formal dining room perfect for porridge parties. Upstairs, I found the primary suite—big enough for even Papa Bear’s standards—with an electric fireplace, ensuite bath, and deep closets that could hide even the most curious little bear. The laundry was right there, too—so convenient! And with three more bedrooms, there was room for everyone. This home has everything: central air, radiant heat, a newer roof, updated systems, and plenty of space to gather, work, or just relax. Whether you’re planning for a big family or seeking a peaceful nook to work from home, I can honestly say—this home is just right.
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Our Executive Mortgage Banker:
Our Insurance Division:
$1,299,000
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 | $1,039,200 | $1,039,200 | $1,039,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.750% | 6.625% | 6.250% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.712% | 6.739% | 6.435% |
Monthly Tax Payment | $1,356 | $1,356 | $1,356 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $6,064 | $6,654 | $8,910 |
Total Monthly Payment | $7,545 | $8,135 | $10,391 |
* 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.