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***MULTIPLE OFFERS RECEIVED - HIGHEST AND BEST DUE BY 12: 00 PM THURSDAY, DECEMBER 18, 2025. SELLERS WILL RESPOND TO ALL OFFERS NO LATER THAN 5: 00PM ON THURSDAY, 12/18/25. ATTENTION INVESTORS & REMODELERS – Here’s your opportunity to purchase & update this North Pointe 4 bed, 2 bath, 2 car garage, ranch home w/nearly 1, 800 of living space. Situated on a quiet street on a spacious, non-flood zone lot in the Lake Magdalene area, this home was built in 1975 and is offered for sale from the original family that has owned and maintained this home for the past 50 years! As you arrive, you’ll find a generous driveway with additional side-yard parking. The covered entry opens to the foyer with a coat closet. Beyond the foyer is a combination living & dining room – making a perfect entertaining space. Head through the living room to a private flex area that would make for a perfect home office or den. A door leads out to the fully-fenced backyard that has enough room for a future pool. Heading back inside, the kitchen features a large closet pantry and a reverse-osmosis water filtration system. Adjacent to the kitchen is a large family room with a storage closet. The entire right side of the home features the 3 secondary bedrooms, each with spacious closets and a full 2nd bath that has a tub/shower combo. At the back of the home is the primary suite that includes dual closets, large windows and an ensuite bath. The primary bath has a separate vanity area and a walk-in shower. The garage has a partial divider installed, separating a laundry/storage area from a separate entertaining area (previously used as a pool table/entertainment area by the owner). If desired, the temporary wall can be removed by the new owner to restore the oversized 2-car garage with enough room to easily park 2 vehicles. The dimensional shingle roof was installed in 2012 and the HVAC system was installed in 2016 and water heater is 2018. With your remodeling updates to the kitchen, baths, paint, flooring & cabinetry, you can make this property a place to call your new home! In this area, updated homes of this size sell around $450-500K+. Don’t miss this investment/rehab opportunity!
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$350,000
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 |
|
|---|---|---|---|
| Loan Amount | $280,000 | $280,000 | $280,000 |
| 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 | $153 | $153 | $153 |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $1,590 | $1,677 | $2,233 |
| Total Monthly Payment | $1,818 | $1,905 | $2,461 |
* 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.