Welcome to 1163 Rhinelander Avenue, a fully renovated detached legal two-family home located in the desirable Indian Village neighborhood. This thoughtfully redesigned property offers modern upgrades, quality craftsmanship, and flexible living options.
The main duplex residence features 3 bedrooms and 1. 5 bathrooms with beautifully refinished original hardwood floors, elegant crown moldings, and a striking marble-faced fireplace that anchors the living space. The custom kitchen is equipped with Viking appliances, custom cabinetry, a center island with built-in microwave, and a wine cooler—perfect for everyday living and entertaining. All bathrooms are finished in marble with Kohler fixtures, providing a refined, spa-like feel. Comfort is enhanced with Mitsubishi mini-split systems throughout, offering efficient heating and cooling year-round.
The lower level unit, with a private entrance, is configured as a studio/one-bedroom layout with a full bathroom, offering additional living flexibility.
Behind the walls, the home has been extensively rebuilt with all new electrical systems and panels, new plumbing, new insulation, and new windows, reflecting a comprehensive renovation down to the studs.
The exterior improvements are equally impressive, with extensive investments in waterproofing and structural upgrades, including a new basement slab, updated sewer line with check valve, French drain system, sump pumps, chimney liner, and multiple drainage systems designed for long-term durability. Outdoor spaces include a granite rear porch, new pavers throughout the backyard, exterior fencing and privacy walls, and a detached garage. The front exterior has also been enhanced with new iron fencing, bluestone and brickwork, and new front stairs, creating strong curb appeal.
Conveniently located near Pelham Parkway, Morris Park, and Pelham Bay Park, residents enjoy access to some of the Bronx’s best green spaces, walking paths, and waterfront recreation. The home is also close to Jacobi Medical Center, Montefiore Einstein Campus, and Albert Einstein College of Medicine. Transportation options include nearby #5 and #2 subway lines, multiple MTA bus routes, and easy access to the Bronx River Parkway and Hutchinson River Parkway, making commuting throughout the Bronx, Manhattan, and Westchester convenient.
A rare opportunity to own a fully renovated detached two-family property in a well-located Bronx neighborhood with extensive upgrades inside and out.
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Our Executive Mortgage Banker:
$1,099,998
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
|
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
|---|---|---|---|
| Loan Amount | $879,998 | $879,998 | $879,998 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.250% | 6.000% | 5.750% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.069% | 6.110% | 5.932% |
| Monthly Tax Payment | $644 | $644 | $644 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $4,859 | $5,276 | $7,308 |
| Total Monthly Payment | $5,628 | $6,045 | $8,077 |
* 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.