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Welcome to 1163 Virginia Avenue, a fully detached legal 2-family home ideally located in the Parkchester/Soundview section of the Bronx. Offering over 2, 500 square feet of living space, this property presents a rare opportunity for buyers seeking space, flexibility, and income potential. The main residence features a spacious 4-bedroom duplex with 2 full bathrooms, hardwood floors, a full living room, a separate dining area, an office, and a mudroom/laundry room, creating a comfortable layout that can grow and adapt to your needs. The lower level includes an unfinished apartment that requires a full renovation, offering excellent potential for customization or future added value. The home also features a stucco exterior and a private backyard, adding to its appeal for outdoor enjoyment and everyday convenience. Please note: the parking lot next door is a separate lot and not for sale. Due to the current condition, a renovation loan may be required. Third-party approval required with DOB & State.
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Our Executive Mortgage Banker:
$849,999
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 | $679,999 | $679,999 | $679,999 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.500% | 6.125% | 6.000% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.165% | 6.259% | 6.183% |
| Monthly Tax Payment | $0 | $0 | $0 |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $3,861 | $4,132 | $5,738 |
| Total Monthly Payment | $3,953 | $4,224 | $5,830 |
* 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.