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Nestled in the highly sought-after Pelham Parkway area of the Bronx, this diamond in the rough is ready for a skilled and loving homeowner to restore its charm and unlock its full potential. This exquisite Dutch Colonial home features an elegant Greek revival portico and is located on a sprawling 50x100 lot. Gated front yard with driveway and garage parking. Large backyard perfect for connecting with nature or family. Close proximity to parks, hospitals, and transportation options, including the #5 & #2 subway line and express buses offering quick access for Manhattan commuters. On the inside, this home welcomes you with a formal living room on the left of the house and a formal dining room adjacent to an open kitchen on the right-hand side. A U-shaped kitchen offers plenty of counter space for a multitude of scenarios - from cooking to entertaining. Three generously sized bedrooms are complete with ample closet space and allow for plenty of natural sunlight. The upstairs bathroom is also well-sized and features a skylight. The utility basement has high ceilings with both internal steps leading to the main floor and egress to the back yard through a separate entrance. DEVELOPER POTENTIAL - The 50 x 100 double lot footprint with R4A zoning and a Max FAR of . 75 should allow for additional potential living sq. ft. up to 3, 750 sq. ft. (5, 000 sq. ft. footprint x Max FAR or . 75 = 3, 750 sq. ft. of living space; enough for potentially two 1, 875 sq. ft. 2-family homes, assuming no additional zoning restrictions apply – building potential must be independently verified with your architect or other zoning professional. )
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Our Executive Mortgage Banker:
Our Insurance Division:
$675,000
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 |
|
|---|---|---|---|
| Loan Amount | $540,000 | $540,000 | $540,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 6.000% | 6.375% | 5.500% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.395% | 6.533% | 5.794% |
| Monthly Tax Payment | $293 | $293 | $293 |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $3,238 | $3,369 | $4,412 |
| Total Monthly Payment | $3,623 | $3,754 | $4,797 |
* 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.