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A Must-See Gem in Melrose Court! Mint Condition & Low Fees! Don’t miss this incredible opportunity to own a beautifully maintained 2-bedroom, 1-bathroom condo in the highly sought-after Melrose Court Condominiums, a secure gated community in the heart of the Bronx! This move-in ready home is in mint condition, offering an unbeatable combination of quality, location, and value. Enjoy a spacious open-concept layout with high ceilings, gleaming wood floors, and abundant natural sunlight pouring in throughout the day. The unit features ample closet space, including a walk-in closet in the primary bedroom, providing both comfort and functionality. Located in the rapidly developing Melrose neighborhood, you’ll be just steps from the 3rd Avenue subway station, Metro North, multiple bus lines, local schools, and the vibrant 3rd Avenue shopping district. This condo stands out with its very low monthly maintenance fees and property taxes, making it a smart and affordable choice for both homeowners and investors. Parking is available by waitlist (additional fee). Whether you're a first-time buyer, downsizing, or looking for a solid investment in an area on the rise—this is the one.
Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
Our family of companies offer our clients a new level of full-service real estate. We shall:
To learn more about our credentials, visit raveis.com today.
Our Executive Mortgage Banker:
Our Insurance Division:
$374,999
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
Senior Vice President - Coaching & Strategic
William Raveis Mortgage, LLC
Phone: 203.980.8025
Frank.Kolb@raveis.com
NMLS Mortgage Loan Originator ID 81725
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5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
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|---|---|---|---|
| Loan Amount | $299,999 | $299,999 | $299,999 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.250% | 5.990% | 5.125% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.112% | 6.132% | 5.396% |
| Monthly Tax Payment | $106 | $106 | $106 |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $1,657 | $1,797 | $2,392 |
| Total Monthly Payment | $1,838 | $1,978 | $2,573 |
* 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. The Total Monthly Payment does not include the estimated HOA/Common Charge payment.