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Wonderful opportunity to own a semi-detached, brick multi-family, end unit house on a tree-lined street in the desirable Wakefield section of the Bronx, which borders Yonkers and Mt. Vernon. This property has two units. Live in one unit and rent out the other to offset your carrying costs, rent out both units for extra income, or bring the extended family. Approximately 50 feet separate the front entry to the upstairs unit from that of the adjoining home, offering more privacy and a larger front yard with a blooming forsythia tree and lush greenery, adding to the curb appeal of the home. Both units feature hardwood floors throughout and have been lovingly and tastefully updated. The upstairs unit has 2 bedrooms and 1 bath and spans two levels. The first level features a generously sized living room with an oversized window that lets in an abundance of natural light, a formal dining area, and a beautifully renovated modern eat-in kitchen that sports cream shaker cabinets, stainless steel appliances, quartz countertops, pretty stone backsplash, and porcelain tile floor. Upstairs you will find the large primary bedroom, located at the front of the property, with 2 exposures and a wall-to-wall closet; the second bedroom with a large window overlooking the backyard and 3 closets; and an updated bath with tub and shower combination, white shaker vanity, and ceramic patterned tile floor. The downstairs unit, accessed from the rear of the house, has 1 bedroom and 1 bath, and offers the potential for extra income. Other features include a large, level backyard that is ideal for family get togethers, cook outs, and other celebrations, and private driveway parking for 2 cars. In addition, brand new, state-of-the-art gas piping, along with 2 new gas meters inspected and approved by the NYC DOB and Con Ed, were recently installed. The house was also brought up to new safety and building codes, as required by the DOB and Con Ed and soon to be implemented and enforced in all homes citywide, but which few properties in the area currently have. The new owners of 1774 Pitman Avenue can therefore rest easy knowing that they will not need to make these expensive safety upgrades in the years to come. The home is just minutes from the #2 and #5 subway lines, Wakefield Metro North station, Bx11 express bus, NYC #16 and Westchester County #25 and #26 bus lines, and the Bronx River Parkway. It is also close to 3 major hospitals and shopping centers in the community and nearby Westchester County. This exceptional property in a lovely north Bronx neighborhood is not to be missed.
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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 | $619,999 | $619,999 | $619,999 |
| 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 | 6.395% | 6.557% | 5.990% |
| Monthly Tax Payment | $498 | $498 | $498 |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $3,717 | $3,868 | $5,107 |
| Total Monthly Payment | $4,307 | $4,458 | $5,697 |
* 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.