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13, 386 Lot located in Five Towns With Endless Potential - Welcome to 708 Park Lane to this spacious five-bedroom, three-and-a-half-bath home. 3, 267 sq. ft. of living space, ideally situated on a quiet cul-de-sac in the Five Towns community of Cedarhurst. This well-maintained residence offers generous living areas, abundant natural light, and a flexible layout that can easily adapt to a variety of needs. Upon entering, you are greeted by an impressive center hall with high ceilings that create a bright and open atmosphere. The main level features an expansive formal living room and an elegant dining room, perfect for gatherings and special occasions. A comfortable family room / formal dining room with a wood-burning fireplace provides a warm and inviting space. The oversized kitchen is designed for both functionality and entertaining, featuring a large center island with cabinetry, stainless steel appliances, and a bright breakfast nook. Sliding glass doors lead to a sun-filled deck that overlooks the backyard, offering an ideal setting for outdoor dining and leisure. This level also includes a dedicated laundry room, utility room, a well-sized powder room, and access to a two-car garage with ample storage. The second floor offers a spacious primary suite with two walk-in closets and an en-suite bathroom. Four additional well-proportioned bedrooms provide generous closet space and are complemented by two full bathrooms. The third floor adds valuable flexibility and can serve as a home office, study, den, playroom, guest or nanny quarters, or even a sixth bedroom. This level also offers additional storage. Outside, the home features a large patio and a private backyard. Conveniently located within walking distance to places of worship, shops, schools, parks, and transportation, and situated in the highly regarded Lawrence Union Free School District, this property combines space, comfort, and convenience. Offered vacant and as-is, it presents an excellent opportunity for buyers to update and personalize the home to their own style while enjoying all the benefits of this desirable neighborhood of Cedarhurst, NY.
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Our Executive Mortgage Banker:
Our Insurance Division:
$1,799,000
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 Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
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| Loan Amount | $1,439,200 | $1,439,200 | $1,439,200 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.500% | 6.125% | 5.875% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.165% | 6.235% | 6.058% |
| Monthly Tax Payment | $1,247 | $1,247 | $1,247 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $8,172 | $8,745 | $12,048 |
| Total Monthly Payment | $9,543 | $10,116 | $13,419 |
* 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.