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This charming Cape Cod-style residence, constructed by the family in 1937, is now poised to make it their home. Strategically situated on a dead-end street within the esteemed Bay Shore school district, the property presents vast potential for growth and renovation. The expansive 372-SF walk-up attic, largely untapped, offers immense possibilities. The main level features 2 bedrooms and 1 full bathroom, while the full basement houses convenient washer/dryer facilities and ample storage. Additional features include a detached garage, front and rear yard sprinkler system, a level fenced-in yard, natural gas cooking, and a gas dryer. The home's efficient radiator hot water heat, provided by a well-maintained boiler, ensures cost-effectiveness. Ductless mini split AC’s in great condition as well. With taxes under $10, 000, this property offers a compelling investment opportunity.
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Our Executive Mortgage Banker:
Our Insurance Division:
$473,000
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 | $378,400 | $378,400 | $378,400 |
| 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% | 6.545% | 5.900% |
| Monthly Tax Payment | $817 | $817 | $817 |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $2,269 | $2,361 | $3,117 |
| Total Monthly Payment | $3,161 | $3,253 | $4,009 |
* 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.