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Welcome to this beautifully updated single-family home in the heart of Hempstead, offering the perfect blend of modern comfort, flexible living, and income-producing potential. Originally built in 1940 and thoughtfully enhanced, this home sits on a generous 6, 000 sq ft lot and delivers both style and functionality. Step inside to discover a renovated kitchen designed for both everyday living and entertaining, complemented by spacious living and dining areas filled with natural light. With 3 full bathrooms, this home provides convenience and versatility for large households or multi-generational living. The fully finished lower level features a private in-law suite, complete with its own separate entrance—ideal for extended family or as an income-producing unit to offset your mortgage or generate additional cash flow. Outside, escape into your own backyard paradise—perfectly designed for entertaining and relaxation. Enjoy a dedicated outdoor kitchen area, a stunning gazebo with poured concrete flooring, and vinyl fencing for privacy, all surrounded by plenty of natural grass space for gatherings, play, or quiet enjoyment. Additional highlights include: Flexible layout with multiple living spaces Full basement with added living potential Convenient location near shopping, transportation, and local amenities Situated within the Hempstead School District Whether you're an end-user looking for space and comfort or an investor seeking strong rental potential, this property delivers on every level. A rare opportunity—don’t miss your chance to own a versatile, move-in-ready home with built-in income potential.
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Our Executive Mortgage Banker:
$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 Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
|---|---|---|---|
| Loan Amount | $639,200 | $639,200 | $639,200 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.990% | 6.375% | 5.490% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.370% | 6.524% | 5.730% |
| Monthly Tax Payment | $662 | $662 | $662 |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $3,828 | $3,988 | $5,219 |
| Total Monthly Payment | $4,582 | $4,742 | $5,973 |
* 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.