Cape Cod home in Montauk, NY
This 1,752-square-foot Cape Cod home in Montauk, NY includes 4 bedrooms and 2 bathrooms. Notable features include lake / river / water view, deck / patio, fireplace, large backyard / lot, and vaulted / high ceilings. The Cape Cod styling carries through the home's design.
| Price | $2,950,000 |
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| Beds | 4 |
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| Baths | 2 |
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| Sqft | 1752 |
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| Architectural style | Cape Cod (85% match) |
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| Address | 22 Tern Dr, Montauk, NY 11954 |
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Why buy this home
- Confirmed Cape Cod architecture, matched from the listing photos by Enzo's vision model.
- Features: deck / patio, fireplace, lake / river / water view, large backyard / lot, vaulted / high ceilings.
- Links directly to the original source listing on Trulia.
Is this a good buy?
Priced in line with the area.
- At $3M, this home is 1% below the $3M median for 174 similar Cape Cod homes in Montauk, NY.
- That works out to $1684 per square foot, 6% above the $1590 comparable rate.
- On the market 28 days.
| This home | $2,950,000 |
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| Cape Cod median in Montauk, NY | $2,975,000 (174 homes) |
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| Price per sq ft | $1,684 vs. $1,590 comps median |
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Enzo's reads public listing data and links to the original source. Confirm condition, HOA, taxes and fees there. This is a signal, not advice.
What it costs to own
Estimated at $21,482/month with 20% down at a 7.28% 30-year fixed rate. You would need about $920,657 in gross annual income to keep housing within a 28% ratio.
| Mortgage (P&I) | $16,147/mo |
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| Property tax (new-buyer reassessed rate) | $4,228/mo |
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| Homeowners insurance | $1,106/mo |
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| Total monthly | $21,482/mo |
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| Down payment (20%) | $590,000 |
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| Income needed | $920,657/yr |
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A signal to compare homes, not financial advice or a loan offer.
Financial outlook (modeled)
Enzo's grades this home B- (65 out of 100) over a 5-year hold, from a Monte-Carlo of local home-price dynamics and the interest-rate path versus renting.
| Grade | B- (65/100) |
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| Beats renting in | 15% of modeled paths |
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| Modeled 5-yr equity (median) | $1,525,944 |
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| Range (10th to 90th pct) | $943,162 to $2,231,448 |
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A probabilistic model built on public data (Zillow ZHVI, FRED rates), not a guarantee or financial advice. Local price dynamics are pooled toward US where local data is thin.
Local home values
Typical home values in United States have risen about 20% over the past 5 years (+1% in the last year), per the Zillow Home Value Index. This reflects the national market, not this specific home.
View this home on Trulia