Be the first to live in this completely renovated brick, ranch style home located in the heart of City Island. This home has been renovated just short of being rebuilt from the ground up. It offers an open concept chef's kitchen with newest color stainless steel grey appliances, quartz counter tops and opens to the living room/dining area with a sliding glass door to an oversized Trex deck lots of natural light great for your entertaining. This home features a large walk out unfinished basement with high ceilings not included in the Sq Ft, laundry hook-up & storage, pre-engineered hardwood floors throughout, heated bathroom floors, smart thermostat as well as an updated roof, plumbing and electric. This home is in close proximity to restaurants, parks, beach, school, horseback riding, bike trails, golf range, shops and an express bus to NYC. Taxes do not reflect the NYS STAR school tax exemption. No flood insurance required. Home also shows larger that the square footage suggests. Must see.
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Our Executive Mortgage Banker:
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$689,000
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 Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $551,200 | $551,200 | $551,200 |
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 | $579 | $579 | $579 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,760 | $3,663 | $4,726 |
Total Monthly Payment | $4,431 | $4,334 | $5,397 |
* 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.