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Attention Contractors and Investors- an excellent investment opportunity awaits! Unlock the full potential of 42 Gregory Road, a 1, 560sf three-bedroom, two-bathroom house with a garage situated on a 1. 10-acre lot in the Sackett Lake neighborhood of Monticello. The house needs a full rehab, so this is a cash only sale. The sale includes an adjoining 0. 39-acre buildable lot. Sackett Lake is a highly desirable area with high demand and low inventory. The finished product will be well worth the effort as the house’s ARV is above $400, 000. There are two bedrooms and one and a half bathrooms on the main level, as well as a bonus room with a bar, and a laundry room. The massive primary bedroom encompasses the entire upper level and has an ensuite bathroom with a sauna and a deck. The Village of Monticello is less than 10 minutes away, offering a plethora of shops and restaurants, including large stores such as Walmart, Shoprite, Marshall’s, Old Navy, Starbucks, Five Below, & Home Depot.
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.
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Our Executive Mortgage Banker:
Our Insurance Division:
$150,000
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 Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
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|---|---|---|---|
| Loan Amount | $120,000 | $120,000 | $120,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.750% | 6.375% | 5.375% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.533% | 6.533% | 5.668% |
| Monthly Tax Payment | $541 | $541 | $541 |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $700 | $749 | $973 |
| Total Monthly Payment | $1,316 | $1,365 | $1,589 |
* 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.