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One or more photo(s) has been virtually staged. Affordable Coastal Living or Smart Investment Opportunity
If you’ve been searching for an inexpensive way to get into the Edgewater market, this is your opportunity. Whether you’re looking to live affordably near the coast or secure a property with strong rental potential, this 2-bedroom, 2-bath half-duplex delivers value without the high price tag. Tucked into a quiet, established neighborhood just minutes from the river, beaches, shopping, and local dining, this home offers a simple, practical lifestyle in a highly convenient location—where your dollar goes further and your options stay open.
Now choose your path: If your goal is low-cost, easy living, you’ll appreciate the bright, open layout where the kitchen and living areas connect seamlessly. It’s a functional space that feels comfortable and efficient—perfect for everyday living without unnecessary upkeep or expense.
If flexibility matters, the two-bedroom layout gives you options: a primary bedroom, guest space, or home office setup—whatever fits your lifestyle best without paying for unused square footage.
If your focus is low maintenance and low overhead, the private patio and compact yard keep things simple. Enjoy your morning coffee or unwind in the evening without the burden of heavy yard work or high maintenance costs.
If you’re thinking investment or rental income, the location and layout make this a strong, budget-friendly option. Close to major routes, local employers, and coastal attractions, it’s the kind of property that works well for long-term tenants, seasonal renters, or a simple buy-and-hold strategy.
Whether you’re a first-time buyer trying to keep costs down, someone looking to downsize and simplify, or an investor seeking an affordable entry point into a growing coastal area, this property makes financial sense from multiple angles.
Come see how far your budget can go—and choose the version of coastal living that works for you.
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Our Executive Mortgage Banker:
Our Insurance Division:
$185,000
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
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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 | $148,000 | $148,000 | $148,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 6.000% | 6.375% | 5.625% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.374% | 6.524% | 5.866% |
| Monthly Tax Payment | $103 | $103 | $103 |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $887 | $923 | $1,219 |
| Total Monthly Payment | $1,064 | $1,100 | $1,396 |
* 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.