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1725 Edison Avenue, #5D, Bronx (Pelham Bay), NY, 10461 | $262,000
Rare Affordable Condo in Pelham Bay. Own and live in this beautifully renovated one-bedroom unit in well maintained elevator building in an ideal location. Enjoy this bright living room with two windows, a coat, and storage closet. Cook in this spacious alcove kitchen with modern renovated kitchen. The stylish cabinetry provides lots of storage in the upper and lower cabinets with easy closing drawers and sleek stone like counter tops. Shiny stainless steel appliance package offers a refrigerator, stove/oven, microwave, and dishwasher. Retreat to your bedroom with a double-sized closet and two windows. Enjoy your renovated bathroom with large wall to wall soft tone tiles, a pedestal sink and soaking tub. Classic hardwood oak floors throughout.
A welcoming, well-appointed lobby that leads to the elevator and to the laundry room. Parking is available for rent at the rear of the building. (Wait List). Super lives on premises. Heat and Hot water included. Just around the corner is the Buhre Ave subway station #6 train, bus Bx24, or Manhattan express bus BxM8. Shop along Westchester Ave & Crosby Ave at Key Food Supermarket, Walgreens pharmacy and a multitude of specialty shops, cafes and restaurants. This is a vibrant neighborhood with six major banks. Nearby City Island, Orchard Beach, Bay Plaza Mall. Pets welcome.
This is an Affordable Condominium Income Based Sale:
LURA - Land Use Restriction Agreement offers Affordable Housing. (Ends after 1 year)
-Income max for one applicant: $90, 750.
-Income max for two applicants: $103, 700.
- Percentage of Common Elements : 2. 8936 percent
-Monthly common charges: $486. 76
-Monthly taxes: $328. 10
-Monthly assessment: $120. 57 - Capital improvements, brick work, painting halls/doors (ends 3/31/30)
-This must be your principal residence. LURA agreement ends after one year of ownership and can rent or sell without income restrictions thereafter.
Features
- Town: Bronx
- Cooling: Unknown Type
- Levels: 6
- Amenities: Garage; Laundry Room;
- Rooms: 3
- Bedrooms: 1
- Baths: 1 full
- Laundry: Other
- Year Built: 1965
- Pet Policy: No Pets
- Washer/Dryer Allowed: Yes
- Service Level: Voice Intercom
- OLR#: RLS20062721
- Days on Market: 20 days
- Website: https://www.raveis.com
/prop/RLS20062721/1725edisonavenue_bronx_ny?source=qrflyer
All information is intended only for the Registrant’s personal, non-commercial use. This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. RLS Data display by William Raveis Real Estate, Inc.Listing courtesy of Corcoran Group
William Raveis Family of Services
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.
Customer Service
888.699.8876
Contact@raveis.com
Our family of companies offer our clients a new level of full-service real estate. We shall:
- Market your home to realize a quick sale at the best possible price
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To learn more about our credentials, visit raveis.com today.
Frank KolbSenior Vice President - Coaching & Strategic, William Raveis Mortgage, LLC
NMLS Mortgage Loan Originator ID 81725
203.980.8025
Frank.Kolb@raveis.com
Our Executive Mortgage Banker:
- Is available to meet with you in our office, your home or office, evenings or weekends
- Offers you pre-approval in minutes!
- Provides a guaranteed closing date that meets your needs
- Has access to hundreds of loan programs, all at competitive rates
- Is in constant contact with a full processing, underwriting, and closing staff to ensure an efficient transaction
Ryan FortierInsurance Sales Director, William Raveis Insurance
516.739.7731
Ryan.Fortier@raveis.com
Our Insurance Division:
- Will Provide a home insurance quote within 24 hours
- Offers full-service coverage such as Homeowner's, Auto, Life, Renter's, Flood and Valuable Items
- Partners with major insurance companies including Chubb, Kemper Unitrin, The Hartford, Progressive,
Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable
1725 Edison Avenue, #5D, Bronx (Pelham Bay), NY, 10461
$262,000
Customer Service
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
Frank Kolb
Senior Vice President - Coaching & Strategic
William Raveis Mortgage, LLC
Phone: 203.980.8025
Frank.Kolb@raveis.com
NMLS Mortgage Loan Originator ID 81725
|
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
|---|---|---|---|
| Loan Amount | $209,600 | $209,600 | $209,600 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.500% | 6.125% | 5.375% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.360% | 6.304% | 5.648% |
| Monthly Tax Payment | N/A | N/A | N/A |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $1,190 | $1,274 | $1,699 |
| Total Monthly Payment | $1,265 | $1,349 | $1,774 |
* 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.
William Raveis Mortgage, LLC, NMLS ID 2630, 7 Trap Falls Road, Shelton, CT 06484
NY Licensed Mortgage Banker-NYS Banking Department LMBC 106535