Nestled in the heart of Elmhurst, Queens, this charming legal two-family home offers an excellent opportunity for both investors and families seeking a spacious and versatile living space. The first floor is designed around a generous garden space and includes 3 bedrooms, 1 bath, a kitchen, LR/DR, and a garage that can be converted into an additional room if desired. The second and third floors of this home are seamlessly combined to create a charming duplex, ideal for a multi-generational family or an owner-occupant looking for extra rental income. The second floor features a renovated kitchen and bathroom, with a bedroom leading to a private deck for enjoying fresh air and relaxation. The third floor boasts three comfortable bedrooms and a bathroom, providing ample space for a growing family or accommodating guests. Private Driveway parking and a garage at the front of the property ensure secure and convenient parking for both residents and visitors. Situated in close proximity to a vibrant array of shops, dining, and entertainment, this home offers seamless access to subway lines and buses, catering to the needs of every commuter. Don't let this opportunity slip away-indulge in the charm and practicality of owning a piece of Queens' vibrant community with this exceptional residence.
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Our Executive Mortgage Banker:
Our Insurance Division:
$1,398,000
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 | $1,118,400 | $1,118,400 | $1,118,400 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.125% | 6.875% | 6.625% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.430% | 7.014% | 6.790% |
Monthly Tax Payment | $643 | $643 | $643 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $6,796 | $7,347 | $9,819 |
Total Monthly Payment | $7,564 | $8,115 | $10,587 |
* 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.