497 Madison Street is a four-story, two-family Brownstone, originally constructed in 1931. This newly renovated sizable home offers great location and impeccable details, an honorable salute to its past. This home features 7 bedrooms, 4 full bathrooms, 2 powder rooms, a large parlor deck, an expansive backyard garden, and a finished high-ceiling cellar. Entering the upper triplex, 5-bed 3-full bath 2-half bath home an elegant and wide stairwell greets you into the home through a double door foyer. To the left, the living area features a decorative fireplace. Further in, the dining area is adjacent to the open-layout kitchen. To the right, you’ll find a powder room conveniently tucked away. The kitchen features an island, custom cabinetry, double sinks, and a full complement of stainless steel appliances. From the kitchen, you can step outside to the extended deck and lovely backyard. Up the stairs, on two separate floors, you will find five bedrooms and three full baths. The very spacious primary bedroom faces the serene backyard and features three windows, a walk-in closet with built-in shelving, and a dressing area. The five-fixture primary bath is adorned with a tasteful double vanity, a glass-enclosed double shower, and a soaking tub. Down the hall, another beautiful spacious bedroom that can be used as a home office or nursery. In the hallway, you’ll find the washer and dryer closet. On the third floor, an additional en-suite bedroom with a bathroom and a walk-in closet and two smaller bedrooms facing the backyard. In the hallway, there is another full bathroom with a soaking tub. The private cellar can be accessed under the stoop, through a separate entrance, and is finished with tile floors and another powder room. It can easily be transformed into a playroom, media den, or artist studio or added to the in-law / rental unit. The separate garden floor two-bedroom unit can serve as an income-producing property or in-law apartment. This masterfully re-imagined townhouse is located on a beautiful, tree-lined street in the heart of Bedford-Stuyvesant. You are moments away from great dining establishments such as Chez Oskar, Saraghina, and Peaches and three local parks that feature playgrounds, basketball, and tennis courts. Nearby public transportation includes the A/C at Utica & J train at Halsey. JFK is a short 20-minute drive.
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Our Executive Mortgage Banker:
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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 | $2,236,000 | $2,236,000 | $2,236,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.625% | 6.375% | 6.125% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.229% | 6.486% | 6.307% |
Monthly Tax Payment | $394 | $394 | $394 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $12,872 | $13,950 | $19,020 |
Total Monthly Payment | $13,391 | $14,469 | $19,539 |
* 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.