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Investor alert! This 3-bedroom, 1-bath single-family home in Harding Park, Clason Point, is a full gut renovation project with tremendous upside. Sold as is, this property offers a rare opportunity for buyers to customize or expand in a waterfront neighborhood with strong growth potential. Zoned for residential use, the home allows flexibility (buyer to verify all potential uses and expansions). The area is a distinctive Bronx peninsula community, offering a private, coastal feel while remaining minutes from Soundview Park, local shops, eateries, bus lines, the 6 train, and Bruckner Expressway, providing easy access to Manhattan and beyond. The property sits within a flood zone, common for this waterfront area, which should be considered in renovation and insurance planning. With vision and effort, this home can be transformed into a functional, modern residence or an income-generating investment in a unique, highly desirable community. *SERIOUS INQUIRIES ONLY! DO NOT DISTURB TENANT! WILL BE DELIVERED VACANT!*
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$400,000
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 | $320,000 | $320,000 | $320,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.875% | 6.375% | 5.375% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.301% | 6.487% | 5.614% |
| Monthly Tax Payment | $168 | $168 | $168 |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $1,893 | $1,996 | $2,593 |
| Total Monthly Payment | $2,136 | $2,239 | $2,836 |
* 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.