NEW PRICE!! Nestled within the enchanting Historic District of South Lake Morton, 746 Mississippi Ave stands out as an exceptional property, offering the unique advantage of two houses joined by a shared 2-car garage with laundry hook-up. The main house displays timeless charm with its 4 bedrooms and 2 full baths, showcasing a classic bungalow style adorned with beautiful wood floors that span throughout the living spaces. Complementing the main house, the Mother-In-Law house built in 2002 provides a kitchen of its own with a breakfast bar and living room, 3 bedrooms, and 3 full bathrooms, making this property exceptionally versatile. Beyond its architectural appeal, the location is a standout feature, with easy access to public transit, the local library, downtown conveniences, and the tranquility of both Lake Morton and Lake Mirror, making it an ideal choice for those seeking a home that combines historic character with modern amenities and proximity to cultural and natural attractions.
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Our Executive Mortgage Banker:
Our Insurance Division:
$675,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
RVP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 917.838.7300
Melissa.Cohn@raveis.com
NMLS Mortgage Loan Originator ID 16953
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $540,000 | $540,000 | $540,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.250% | 6.990% | 6.250% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.945% | 7.159% | 6.538% |
Monthly Tax Payment | $322 | $322 | $322 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,684 | $3,589 | $4,630 |
Total Monthly Payment | $4,098 | $4,003 | $5,044 |
* 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.