This super cute, classic Riverside bungalow was built in 1926 and then totally gutted and renovated in 2015. In 2017, a separate 1 bedroom, 2-story 675 sq. ft. guest house approved by the historical society and built by the current owner in the very private rear of the backyard. Everything was updated to current building codes and lifestyles. To the main house, open cell spray foam insulation was added to the attic and crawl space in 2016. The main bungalow was painted in 2020. The Guest House or second ADU was
constructed from cement Hardie planks, with casement windows throughout.
Polished concrete flooring on the lower level.
The second ASU includes a full kitchen. Custom concrete countertops with reclaimed barn wood cabinetry, shelving, and pantry doors in the kitchen. Substantial storage in all lower cabinets, kitchen island, pantry and under stair closet. Close to MD Andersen Cancer center and Mayo Clinic. Possible multi family with the second ADU. . The loft has a sleeping area, with built in bookcase, a walk-in closet, and a spacious bathroom. Twin sliding barn doors for provide privacy between areas. The bathroom has a walk-in shower, Travertine tile flooring, white subway tiled walls, reclaimed barn-wood vanity with storage and mirrored medicine chest.
Great for extended stays of family and friends or makes a 1-bedroom income producing rental. Located in the 5 points area of historic Riverside. Easily walk to the park, five points, shopping, and local restaurants. The entire property was custom landscape from design to installation with an emphasis on hardscaping, using custom geometric granite pavers, granite rock, white river rock, pine bark mulch and repurposed sidewalk pavers. Shadowbox fencing, privacy hedges, and mature clumping (non-running) bamboo provide exceptional privacy for the side porch and backyard area. Various trees, shrubs, jasmine, and flowers spread throughout the property. There is a sizable storage shed for gardening tools and equipment. As well as a gate with access to the wide, well-maintained alley at rear of property.
The dining room light fixture does not convey. Fireplace sold AS IS.
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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 | $500,000 | $500,000 | $500,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.250% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.945% | 7.133% | 6.256% |
Monthly Tax Payment | $366 | $366 | $366 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,411 | $3,323 | $4,217 |
Total Monthly Payment | $3,869 | $3,781 | $4,675 |
* 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.