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This 1938 Colonial In The Village Of Flower Hill Has Good Bones But Needs A Full Gut Renovation, Retrofit, And Expansion To Truly Take Advantage Of The Slightly Larger 8, 500 Sq Ft Lot. With R-7 Zoning And A Maximum FAR Of 0. 42, The Property Offers Significant Upside For Buyers Who Wish To Expand The Home, Potentially Up To Approximately 3, 570 Square Feet, Subject To Village Approvals, Setbacks, Side Yards, And All Other Zoning Requirements. The House Currently Features Three Bedrooms, 1. 5 Baths, A Living Room With Wood-Burning Fireplace, Formal Dining Room, And Eat-In Kitchen. It Already Includes A Two-Car Garage, A Walk-Up Attic, Two-Zone Central Air Conditioning, And Two-Zone Steam Heat With A Brand-New High-End Oil-Fired Boiler Recently Installed By Petro. The Full Basement Offers Additional Storage. There Were Already Plans Drawn To Expand The Second Floor Over The Garage To Create A Full Primary Suite And Bath. The Property Currently Has Virtually No Landscaping And Would Benefit Greatly From New Plantings To Increase Privacy And Improve Curb Appeal. The Roslyn School District Location Is Very Convenient And Accessible. Just Down The Road From Whole Foods, The Americana Shopping Center, And Other Major Amenities, And About Two Miles From The LIE And The Manhasset LIRR Station.
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Our Executive Mortgage Banker:
$999,000
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 | $799,200 | $799,200 | $799,200 |
| 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 | $1,306 | $1,306 | $1,306 |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $4,538 | $4,856 | $6,744 |
| Total Monthly Payment | $5,936 | $6,254 | $8,142 |
* 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.