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Welcome to 420 Taylor Avenue in Patchogue, a great opportunity for buyers looking for a home with space, potential, and important updates already underway. This single-family home offers a functional layout, comfortable living areas, and a generously sized property with plenty of room to enjoy the outdoors. The home does need some work, making it an excellent option for buyers who want to add their own finishing touches and build value over time. The owner is currently in the process of replacing the flooring in the upstairs bedrooms, which will be completed prior to sale. The backyard is also being cleared out, giving the next owner a better starting point to create their ideal outdoor space for entertaining, relaxing, gardening, or recreation. A major bonus is that both the boiler and hot water heater are less than one year old, offering peace of mind on two important mechanical components. Another standout feature is the exceptionally LOW PROPERTY TAXES @ $4, 640. 74, making this home an even more attractive opportunity for buyers looking to keep monthly ownership costs manageable. Inside, the home features inviting living space, comfortable bedrooms, and flexible areas that can be customized to fit today’s lifestyle needs. Conveniently located near Patchogue Village, local shopping, restaurants, parks, transportation, major roadways, and South Shore amenities, this property offers a strong combination of location, lot size, affordability, and potential. Whether you are a first-time buyer, investor, contractor, or homeowner looking for a property you can improve and make your own, 420 Taylor Avenue is full of opportunity. With key updates already in progress, newer mechanicals in place, and very low taxes, this home is ready for its next chapter.
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Our Executive Mortgage Banker:
$449,999
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 Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
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|---|---|---|---|
| Loan Amount | $359,999 | $359,999 | $359,999 |
| 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 | 6.634% | 6.890% | 6.078% |
| Monthly Tax Payment | $387 | $387 | $387 |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $2,217 | $2,335 | $3,014 |
| Total Monthly Payment | $2,679 | $2,797 | $3,476 |
* 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.