Nestled in the highly desirable Jamaica Estates neighborhood, this classic detached single-family home offers space, flexibility, and a truly exceptional opportunity.
Set on an expansive 8,080 sq ft double lot (including Lot 18, Block 7233) sold with MLS983676 8145 Utopia Parkway, this property represents a rare and highly coveted offering in the area. Double lots in Jamaica Estates are few and far between, making this an outstanding opportunity for end-users, builders, and investors alike. Whether you envision expanding the existing residence, creating a grand custom estate, or maximizing development potential within zoning, the possibilities here are extraordinary.
Located in an R1-2 zoning district, the property is designated for single-family detached residences, offering privacy while still allowing for significant enlargement potential (consult architect).
Utopia Parkway, Jamaica Estates, NY, 11432
The rates and annual percentage rate (APR) displayed are based upon the following assumptions: a 20% down payment (e.g. $20,000 down on a $100,000 purchase price), conforming loan amount, $1,950 in finance charges, 30 days prepaid interest, 1 point, 30 day rate lock. The rates and annual percentage rate (APR) will vary depending upon the actual down payment percentages, points and fees for your transaction. Rates and the margin for adjustable rate mortgages [if applicable] are subject to change without prior notice and may vary with your unique credit history, and terms of your loan. The rates displayed vary by property state, may change or not be available at commitment or closing or may be subject to product restrictions.
The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first five years (for a 5/6 ARM) or seven years (for a 7/6 ARM) 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.
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