Welcome To 1128 Roanoke Avenue. This Classic 3-Bedroom, 2. 5-Bath Colonial, Originally Built In 1869, Presents A Rare Opportunity To Restore And Reimagine A Piece Of Riverhead History. Rich With Character And Timeless Appeal, This Home Features Solid Construction, Generous Room Sizes, And A Traditional Floor Plan That Lends Itself Beautifully To A Full Renovation. The Interior Offers Expansive Living Spaces Filled With Natural Light, Primary En Suite, A Full Unfinished Basement Ideal For Storage Or Future Finishing, And A Semi-Finished Attic Providing Excellent Potential For Additional Living Space Or Large Additional Primary Suite. A Single-Car Detached Garage Adds Convenience And Functionality. While This Home Is In Need Of A Complete Renovation, Its Strong Bones, Classic Colonial Proportions, And Flexible Layout Make It An Exceptional Opportunity For Investors, Builders, Or Buyers Seeking To Create A Custom Residence Tailored To Their Vision. Ideally Located Near Downtown Riverhead And Major Shopping, This Property Also Offers Easy Access To Local Shops, Restaurants, Waterfront Attractions, Parks, And Major Roadways, With Proximity To Schools And Everyday Conveniences. A Perfect Spring 2026 Project. Photos Are Ai Generated To Show Renovation Potential.
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$399,000
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
|
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% | 6.250% | 5.490% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.313% | 6.398% | 5.710% |
| Monthly Tax Payment | $672 | $672 | $672 |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $1,888 | $1,965 | $2,606 |
| Total Monthly Payment | $2,635 | $2,712 | $3,353 |
* 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.