Timeless Charm: This Classic Rocky Point Summer Retreat turned into a year round home with endless Potential. Step into the allure of yesteryears with this classic Rocky Point home, exuding old-world charm and character. This 3-4 bedroom dwelling is an expanded original Rocky Point Bungalow, meticulously maintained to preserve its historical essence. The allure extends beyond its quaint facade, as you discover a full finished basement boasting a cozy fireplace and wet bar, ideal for intimate gatherings or relaxing evenings. Additionally, a vast stand-up attic presents boundless potential for expansion, offering the possibility of a second story to further enhance this home's allure. Nestled on the property is a detached 1. 5 car garage, providing ample space for parking and storage, alongside a backyard shed thoughtfully finished with a 3-season bath, perfect for hosting backyard parties or accommodating summertime guests. Situated merely one block away from acres of North Shore beaches, this haven invites you to indulge in a myriad of coastal activities, from fishing and kayaking to leisurely beach strolls. Notable features of this home include a tastefully appointed Granite Eat-In Kitchen, complemented by the warmth of two fireplaces-one upstairs and one in the basement. Updates such as windows, siding, and insulation, all replaced just 7 years ago, ensure modern comfort seamlessly intertwines with historic charm. The 6-year-old burner and new tank, coupled with cast iron baseboards, exemplify the commitment to both efficiency and longevity. Located within the coveted Rocky Point School District, this well-insulated abode offers not just a home, but a timeless retreat in a cherished coastal community.
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Our Executive Mortgage Banker:
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$479,000
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 | $383,200 | $383,200 | $383,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.500% | 7.125% | 6.375% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 8.051% | 7.295% | 6.623% |
Monthly Tax Payment | $791 | $791 | $791 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $2,679 | $2,582 | $3,312 |
Total Monthly Payment | $3,545 | $3,448 | $4,178 |
* 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.