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Welcome home to 396 King Ave ! This two family home sits on an over sized corner lot 70x100, in the heart of City Island. The first unit offers a large inviting living room, one full bathroom, an updated eat in kitchen that features plenty of custom cabinets, quartz counter tops, large kitchen island & stainless steel appliances. Sliding doors off of the dining area lead out to a cozy sun room where you can enjoy water views. Two first floor bedrooms offer great closet space and a drop down attic for added storage. The lower level offers a separate laundry room and a finished basement. Recessed Mitsubishi H2 split units in addition to baseboard heat provide cooling and comfort in any season. The second unit offers one bedroom, one full bathroom, a large living room and an updated eat in kitchen that features stainless steel appliances. Walk out access to your own fenced in back yard that offers a custom built pergola, an additional enclosed storage area, one car attached garage, and a long driveway which offers plenty of parking. This home has been beautifully maintained and is a MUST see !
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Our Executive Mortgage Banker:
Our Insurance Division:
$899,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 347.223.0992
Sarah.DeFlorio@Raveis.com
NMLS Mortgage Loan Originator ID 1880936
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5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
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| Loan Amount | $719,200 | $719,200 | $719,200 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.125% | 6.000% | 5.750% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.246% | 6.110% | 5.952% |
| Monthly Tax Payment | $700 | $700 | $700 |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $3,916 | $4,312 | $5,972 |
| Total Monthly Payment | $4,708 | $5,104 | $6,764 |
* 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.