Welcome to this unique BEACH BLOCK property consisting of two homes situated on one lot. GREAT RENTAL POTENTIAL! JUST STEPS TO THE BOARDWALK AND BEACH! On the main level, you will find a comfortable front porch, living/dining combo, hardwood floors, bedroom with walk in closet, full bathroom, and a fully equipped kitchen. The lower level of the front home is a hidden gem, featuring convenient amenities such as a washer and dryer for your laundry needs. Additionally, there is a kitchenette, a bathroom, and a lounge area where you can unwind and enjoy some downtime. The back house is a true delight, two bedrooms and two bathrooms. Wake up to breathtaking ocean views from the comfort of your own home. The bedrooms provide ample space and privacy. Location is key, and this property is ideally situated near the prestigious Rockaway Hotel. You'll have easy access to the ferry and all transportation options, making commuting a breeze. Furthermore, you'll be just a few steps away from a brand new boardwalk and the beautiful beach, allowing you to enjoy the sun, sand, and surf whenever you desire. Don't miss the opportunity to own this exceptional property with two homes on one lot. Extremely low taxes. Experience the best of coastal living and make this your dream home today.
Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
Our family of companies offer our clients a new level of full-service real estate. We shall:
To learn more about our credentials, visit raveis.com today.
Our Executive Mortgage Banker:
Our Insurance Division:
$1,099,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 347.223.0992
Sarah.Alvarez@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 | $879,200 | $879,200 | $879,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.000% | 6.750% | 6.500% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.377% | 6.851% | 6.664% |
Monthly Tax Payment | $245 | $245 | $245 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $5,271 | $5,702 | $7,659 |
Total Monthly Payment | $5,641 | $6,072 | $8,029 |
* 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.