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Introducing 1040 Connecticut Avenue - a newly remodeled, 2nd floor unit in the Gate-Way Cooperative Complex. The unit is a blank slate of lovely white walls, and luxury vinyl flooring so you can customize with your tasteful furnishings and make this unit feel cozy and your very own home! This unit brings an opportunity for you to own instead of renting. The units must be owner occupied in the complex and there are no rentals allowed. The kitchen and bathroom are also brand new! The stainless appliances in the eat-in-kitchen are new too! The entire unit has been upgraded and remodeled. As you enter, you walk up a flight of stairs to the 2nd floor and then the unit is a ranch style. There is a rear stairway that brings you down to the basement which is perfect for additional storage or even if you wanted to have gym equipment. The back yard is shared with the first floor unit owner and the left side (looking out from the unit) is the side that belongs to 1040. The back yard is fenced in. The $467. 03 monthly common charges for this Co-Op cover: heat, water, taxes, ground maintenance, garbage pick up, and snow removal. There is a $120/year fee for the boiler maintenance. The complex is conveniently located right on CT Ave. See agent confidential remarks please.
| Type | Description | Level |
|---|---|---|
| Bedroom 1 | Vinyl Floor | Main |
| Eat-In Kitchen | Vinyl Floor | Main |
| Living Room | Remodeled,Vinyl Floor | Main |
| Primary Bedroom | Vinyl Floor | Main |
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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 | $100,000 | $100,000 | $100,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 6.250% | 6.750% | 5.875% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.760% | 6.902% | 6.118% |
| Monthly Tax Payment | N/A | N/A | N/A |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $616 | $649 | $837 |
| Total Monthly Payment | $691 | $724 | $912 |
* 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. The Total Monthly Payment does not include the estimated HOA/Common Charge payment.