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**Charming 4-Bedroom Colonial in North Babylon – Tons of Potential!** Discover the possibilities in this classic 4-bedroom, 2. 5-bath colonial located in desirable North Babylon. Bursting with potential, this home is being sold as is and is the perfect opportunity for buyers looking to customize, renovate, or invest. With solid bones and a traditional layout, it’s an ideal canvas for creating your dream home. The first floor features an inviting eat-in kitchen, a formal dining room, a spacious living room, and a family room—great for everyday living and entertaining. Upstairs you’ll find four well-sized bedrooms and two full baths, offering plenty of room for everyone. A major highlight is the full basement providing excellent additional space for a playroom, home gym, media room, or abundant storage. The home also includes a convenient 1-car attached garage Located close to shopping and minutes from the vibrant Town of Babylon, you’ll enjoy easy access to beaches, local marinas for boating, a variety of restaurants and cafes, charming village shops, parks, walking trails, and the popular Argyle Theatre. Whether you’re looking for entertainment, waterfront recreation, or everyday convenience, this location has something for everyone. With great potential and an unbeatable location, this North Babylon colonial is a rare opportunity to create the home you’ve always envisioned. Don’t miss your chance to make it your own! CASH OR 203K LOAN ONLY -HOLD HARMLESS AGREEMENT MUST BE SIGNED BEFORE ENTERING
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$499,999
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 | $399,999 | $399,999 | $399,999 |
| 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 | 6.407% | 6.557% | 5.920% |
| Monthly Tax Payment | $1,256 | $1,256 | $1,256 |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $2,398 | $2,495 | $3,295 |
| Total Monthly Payment | $3,729 | $3,826 | $4,626 |
* 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.