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146 Millard Avenue, #146, W. Babylon (West Babylon), NY, 11704 | $380,000
Welcome to this beautifully updated 1 bedroom Co-Op in the desirable Fisherman’s Wharf gated community! Move right into this bright second floor end unit featuring updated modern bathroom and kitchen with ample counter and cabinetry space with under cabinet lighting, stainless steel appliances; refrigerator, dishwasher, microwave, and sleek glass-top electric stove. Enjoy low maintenance laminate flooring throughout for a clean, cohesive look. Additional highlights include: spacious bedroom with 2 closets, Andersen windows with custom window treatments, 2 built in A/C units, 3 ceiling fans for year-round comfort and Andersen sliding glass doors leading to a private covered balcony. Pets allowed (cats and most dogs). Enjoy outstanding community amenities including; gated entry, on premises laundry, in-ground pool, tennis and pickleball courts, clubhouse, gym, two electric car charging stations, beautifully landscaped property and plenty of parking. Conveniently located 1 mile from Babylon Village that offers shopping and dining, the Babylon train station and Babylon schools. Star program qualified. Board approval required. Monthly maintenance fee of $ 988. 25 (shown before STAR) is approximately 67% tax deductible and includes all but electric, FIOS or Optimum and a small insurance policy. $1100 application fee + $450 post-closing administrative fee. Enjoy all the amenities this great development has to offer plus its proximity to Babylon Village and all the Village perks. Minimum down payment 15%. Minimum Base Gross Annual Income Required For Board Approval $65, 225 if financing; $53, 366 if cash purchase. Maximum (approx) 33% debt-to-income ratio. There will be a $2. 00 per share special assessment for Sept, Oct, Nov & Dec 2026= $ 364. 50/month for each of those 4 months extra on top of regular monthly maintenance fees for upcoming Capital Improvements. Annual STAR benefit for this unit is approximately $934 which should transfer to the new owner and is credited for October, November & December maintenance at $311. 33 per month, so the net effect of the special assessment for the new owner for those 4 months will only be $131 per month.
Features
- Town: W. Babylon
- Parking: 2-car, Parking Lot
- Heating: Hot Water, Natural Gas
- Cooling: Wall/Window Unit(s)
- Levels: 2
- Amenities: Basketball Court, Clubhouse, Fitness Center, Gated, Landscaping, Maintenance Grounds, Parking, Pool, Snow Removal, Tennis Court(s), Trash
- Rooms: 4
- Bedrooms: 1
- Baths: 1 full
- Laundry: Common Area, Laundry Room, Multiple Locations
- Complex: Fisherman's Wharf
- Year Built: 1978
- Common Charge: $988 Monthly
- Approx Sq. Feet: 0
- Elem. School: Babylon Elementary School
- Middle School: Babylon Junior-Senior High School
- High School: Babylon Junior-Senior High School
- School District: Babylon
- Pet Policy: Breed Restrictions, Cats OK, Dogs OK, Yes
- Appliances: Dishwasher, Electric Oven, Refrigerator
- MLS#: 980669
- Days on Market: 8 days
- Website: https://www.raveis.com
/prop/980669/146millardavenue_wbabylon_ny?source=qrflyer
William Raveis Family of Services
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888.699.8876
Contact@raveis.com
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Frank KolbSenior Vice President - Coaching & Strategic, William Raveis Mortgage, LLC
NMLS Mortgage Loan Originator ID 81725
203.980.8025
Frank.Kolb@raveis.com
Our Executive Mortgage Banker:
- Is available to meet with you in our office, your home or office, evenings or weekends
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146 Millard Avenue, #146, W. Babylon (West Babylon), NY, 11704
$380,000
Customer Service
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
Frank Kolb
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 | $304,000 | $304,000 | $304,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 6.000% | 6.375% | 5.625% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.374% | 6.524% | 5.866% |
| Monthly Tax Payment | N/A | N/A | N/A |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $1,823 | $1,897 | $2,504 |
| Total Monthly Payment | $1,898 | $1,972 | $2,579 |
* 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.
William Raveis Mortgage, LLC, NMLS ID 2630, 7 Trap Falls Road, Shelton, CT 06484
NY Licensed Mortgage Banker-NYS Banking Department LMBC 106535