Uncover the hidden potential of this Seagate gem! This home, located in the sought-after community of Seagate, a private community nestled in the southern most tip of Brooklyn in the vibrant Coney Island area, presents an exciting opportunity for those with a vision for transformation. With a bit of TLC, this property can become your dream coastal retreat. This semi-attached single family home boasts a multi-car driveway and garage. The lot is 27 ft x 100 ft, with building dimensions of 20 ft x 42 ft, a finished basement (including laundry room), and unfinished attic, also making this a great opportunity for a developer/investor looking for their next project. Step inside and envision the possibilities as you enter the spacious living area, awaiting your personal touch. The walk through floor plan provides a canvas for customization, allowing you to create a living space that suits your unique style and preferences. The kitchen, although completely renovated around 10 years ago, is in need of some updating/repair, but offers a solid foundation with the potential for modernization. Bring your design ideas to life and craft a culinary space that meets the demands of contemporary living. The bedrooms, though requiring some attention, boast ample space and natural light, providing a great starting point for a cozy and comfortable haven. Take advantage of the opportunity to reimagine these spaces to suit your lifestyle. Venture outside to the backyard, where a blank canvas awaits your landscaping creativity. Imagine creating an outdoor oasis perfect for entertaining, gardening, or simply enjoying the fresh coastal air. Seagate's charming seaside community offers a backdrop of inspiration for your renovation journey. With the beach just a short stroll away and the allure of coastal living at your fingertips, this property holds the promise of a truly special home. The community also offers a beach club, at one of the only private beaches in Brooklyn, an Olympic -size pool, private cabanas and all the amenities of a world class resort - without the price tag. With theme nights, daily kids activities, pool and beach lifeguards, it's the perfect spot for the whole family. Bring your contractor, your creativity, and your dreams – this Seagate residence is a canvas ready for your personal masterpiece. Don't miss the chance to unlock the potential within this home and make it your very own. Schedule a showing today and envision the possibilities that await in this promising Seagate property. Flip Tax paid by Buyer.
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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 | $559,200 | $559,200 | $559,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.250% | 7.125% | 6.375% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.945% | 7.282% | 6.623% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,815 | $3,767 | $4,833 |
Total Monthly Payment | $3,907 | $3,859 | $4,925 |
* 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.