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Presented by
Charlie Dill |
Welcome to Unit F7 at 85 Riverside Drive, a 2-bedroom, 1-bath condominium located on the second floor of a well-maintained riverside complex in one of Stamford's most desirable neighborhoods. Overlooking the river and landscaped grounds, this home offers a quiet, residential setting just minutes from downtown Stamford's shopping, dining, entertainment, and transportation. The unit features a functional layout with a generously sized living and dining area, ideal for everyday living or entertaining. Sliding doors open to a private deck with peaceful river views and excellent natural light. Two well-proportioned bedrooms, ample closet space, and in-unit laundry add to the home's overall utility. Additional benefits include a reserved off-street parking space and a large, private, lockable storage room on the ground level of the building. Residents enjoy access to an in-ground pool, low common charges, and a professionally managed community. The complex allows rentals, making this an excellent opportunity for both owner-occupants and investors seeking long-term value in a prime Stamford location. Unit F7 presents a compelling investment profile, combining a river-facing position with a flexible interior that allows for future updates and value enhancement. The second-floor location offers privacy, natural light, and attractive views, all features that support strong rental demand. The community is known for stable management, well-maintained grounds, and amenities that help control operating costs while appealing to tenants, including an in-ground pool, reserved parking, in-unit laundry, and private on-site storage. The ability to rent units within the complex adds flexibility for investors and supports long-term hold strategies. Proximity to downtown Stamford, Scalzi Park, UConn Stamford, public beaches, golf courses, and major commuter routes further strengthens the rental appeal and resale potential. Unit F7 offers an opportunity to secure a river-view condominium in a high-demand location with favorable ownership fundamentals.
| Type | Description | Dimensions | Level |
|---|---|---|---|
| Bedroom 1 | Wall/Wall Carpet | 10.0 x 17.0 | Main |
| Dining Room | Balcony/Deck,Sliders,Wall/Wall Carpet | 8.0 x 10.0 | Main |
| Living Room | Balcony/Deck,Sliders,Wall/Wall Carpet | 12.0 x 24.0 | Main |
| Primary Bedroom | Wall/Wall Carpet | 12.0 x 17.0 | Main |
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Sales Associate
William Raveis Real Estate
Phone: 203.918.1692
Charlie.Dill@Raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 914.260.5535
Mace.Rattet@raveis.com
NMLS Mortgage Loan Originator ID 69957
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 914.260.2006
Francine.Silberman@raveis.com
NMLS Mortgage Loan Originator ID 69244
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5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
|---|---|---|---|
| Loan Amount | $319,200 | $319,200 | $319,200 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.875% | 6.375% | 5.500% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.357% | 6.533% | 5.794% |
| Monthly Tax Payment | $428 | $428 | $428 |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $1,888 | $1,991 | $2,608 |
| Total Monthly Payment | $2,391 | $2,494 | $3,111 |
* 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. The Total Monthly Payment does not include the estimated HOA/Common Charge payment.