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Merrick 5-bedroom 3 bath colonial over a ground floor active dental office. Take advantage of a versatile live/work opportunity with a medical/professional office or utilize an expansive 3 story single family home. Town of Hempstead allows for primary residency while operating an owner-occupied business. The dental office consists of 4 operatories with nitrous and silver solder, 3 are plumbed, lead lined wall, doctors' office room, sterilization room, dark room, switch water, suction, compressor, extra insulation, reinforced support beams, 2 kitchenettes, ADA bathroom, additional half bath and full bath. 2nd floor has a living room, dining room, new quartz kitchen with sliding doors to the deck, laundry room, primary bedroom with on suite bathroom, 2 additional bedrooms and hall bathroom. 3rd floor has 2 bedrooms with wall unit AC’s, full bath and walk in closet/storage. Approximately 3400 FT on 3 floors. HVAC units replaced in 2023 providing forced hot air and central air independently to the Dr’s office and 2nd floor. 2 gas boilers, 2 electric meters, 2 gas meters, roof replaced in 2012, front exterior is painted, 2 aprons, 2 driveways, 6-7 parking spaces. Doctor will stay on after closing to assist next dental professional's new endeavor.
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Our Executive Mortgage Banker:
$1,300,000
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 | $1,040,000 | $1,040,000 | $1,040,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.375% | 6.125% | 5.875% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.117% | 6.235% | 6.058% |
| Monthly Tax Payment | $1,576 | $1,576 | $1,576 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $5,824 | $6,319 | $8,706 |
| Total Monthly Payment | $7,525 | $8,020 | $10,407 |
* 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.