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Perfect for those who want to simplify without sacrificing comfort, this fully renovated, move-in ready, 2-bedroom, 2-bath home in Riverwoods offers easy living in an active 55+ community. The spacious living and dining areas feature vinyl flooring and an electric fireplace, with a bright three-season sunroom attached. Spotless kitchen features new cabinetry with butcher block countertops and all-new appliances, including a Samsung stove and microwave, Whirlpool refrigerator, dishwasher, and washer/dryer conveniently located in a pantry closet. The large primary suite boasts new wood-plank flooring, generous closet space, and a completely renovated en-suite bath. Both bathrooms have been renovated from the studs out, including new sheetrock, insulation, plumbing, fixtures, and finishes. Additional features include a carport, storage shed, new roof and vents, HVAC with propane heat, all new interior doors and hardware, and updated lighting throughout. Monthly lot rent of $1, 168. 95 includes water, trash removal, taxes, road maintenance, and access to the community clubhouse and fitness center. Credit score requirement: 650. Income requirement: monthly income equal to 2. 5 times the monthly lot rent.
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Our Executive Mortgage Banker:
Our Insurance Division:
$225,000
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 | $180,000 | $180,000 | $180,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.990% | 6.375% | 5.490% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.370% | 6.512% | 5.710% |
| Monthly Tax Payment | $0 | $0 | $0 |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $1,078 | $1,123 | $1,470 |
| Total Monthly Payment | $1,153 | $1,198 | $1,545 |
* 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.