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Welcome to 287 Central Ave, Bohemia NY—a value-packed opportunity in the award-winning Connetquot School District on a quiet dead-end street. This 3-bedroom, 1-bath Cape Cod (approx. 1, 300± sq ft, built 1940) is ideal for a buyer who wants to customize and build real sweat equity in a highly desirable location. The layout offers two bedrooms on the main level (one works well as a home office) plus a large third bedroom upstairs. There’s also an upstairs space that’s framed and plumbed for a potential second bathroom, giving you flexibility to expand (buyer to verify). A full basement with a separate outside entrance adds even more potential for storage, workspace, and future possibilities. This home needs updating inside and out, including exterior improvements such as roof, windows, and siding—perfect for someone ready to bring their vision to life. Additional features include oil heat with radiators, public water, cesspools (age unknown), and 100-amp electric that will require updating. Conveniently located near the LIRR, Long Island MacArthur Airport, and major roadways (Sunrise Highway, Veterans Highway, and the LIE), with nearby shopping and dining including Uncle Giuseppe’s and the redeveloped Sunvet Mall. If you’ve been searching for a Bohemia fixer with upside in a top school district, this is your chance to create something special.
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Our Executive Mortgage Banker:
Our Insurance Division:
$525,000
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 |
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|---|---|---|---|
| Loan Amount | $420,000 | $420,000 | $420,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.500% | 5.990% | 5.125% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.285% | 6.132% | 5.415% |
| Monthly Tax Payment | $818 | $818 | $818 |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $2,385 | $2,515 | $3,349 |
| Total Monthly Payment | $3,295 | $3,425 | $4,259 |
* 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.