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Welcome to 100-34 198th Street in Hollis, a spacious one-family home located in a highly desirable and convenient neighborhood. This property offers a great opportunity for buyers looking to add their personal touch, as it is being sold as-is. The home features a welcoming foyer entrance leading into a bright living room, a formal dining room, and an eat-in kitchen, providing a comfortable layout for everyday living and entertaining. The second level includes three well-proportioned bedrooms and full bathroom, offering ample space for family living. A large finished attic provides additional versatile space that can be used for a home office, recreation area, or storage. The property also includes a finished basement with 3 piece bathroom, adding even more usable living space with endless possibilities. One of the standout features of this home is the extremely low property taxes—less than $2, 900 per year, making it an attractive option for homeowners and investors alike. Ideally located in the heart of Hollis, this home is just minutes from Hillside Avenue, giving you quick access to a wide variety of shopping, restaurants, supermarkets, banks, and everyday conveniences. Commuting is easy with nearby access to major highways including the Grand Central Parkway, Cross Island Parkway, and the Long Island Expressway. Public transportation options include the LIRR Hollis Station, multiple MTA bus lines, and nearby subway connections, making travel to Manhattan and throughout Queens convenient.
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Our Executive Mortgage Banker:
Our Insurance Division:
$750,000
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 | $600,000 | $600,000 | $600,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.625% | 6.125% | 5.375% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.258% | 6.292% | 5.628% |
| Monthly Tax Payment | $237 | $237 | $237 |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $3,454 | $3,646 | $4,863 |
| Total Monthly Payment | $3,783 | $3,975 | $5,192 |
* 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.