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WOW! This new construction home is amazing! The stunning exterior makes a dramatic statement with the natural wood doors, board and batten siding, and black windows, and the inside is filled with so many custom finishes. Open floorplan with a huge kitchen with large center island, soft close cabinet doors, tile backsplash, stainless appliances, quartz countertops, and large pantry. Lots of extra features like shiplap accent wall in living room area, oak wood accent wall in stairwell, 8 ft. front door, built-in seating and storage in mudroom area, and LVP flooring throughout. The master bedroom features a vaulted shiplap ceiling with exposed beams and a huge walk-in closet with custom shelving. The master bath has a modern look with double vanity, all tile, rain shower head, and shiplap accents. The other 2 bedrooms upstairs with large closets share a custom bath with a great modern look and shiplap accents. There is a guest bedroom on the first floor that has a beautiful tile bath with a rain shower head. There is a covered porch area in back for your outdoor enjoyment overlooking the backyard. The back yard has a privacy fence and there is a fence in the front yard to add to the curb appeal of the house. Ferndale is a hot up and coming neighborhood close to Park Circle and the upper downtown area with lots of restaurants, bars, etc. in close proximity. This property with certain lenders qualifies for special financing incentives because of the area where it is located. This may include closing cost help, 100 per cent financing, and no pmi. Up to buyer to investigate and confirm. Listing agent is related to the seller.
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Our Executive Mortgage Banker:
$655,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
RVP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 917.838.7300
Melissa.Cohn@raveis.com
NMLS Mortgage Loan Originator ID 16953
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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 | $524,000 | $524,000 | $524,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.625% | 6.625% | 5.750% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.133% | 6.739% | 5.952% |
| Monthly Tax Payment | N/A | N/A | N/A |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $3,016 | $3,355 | $4,351 |
| Total Monthly Payment | $3,108 | $3,447 | $4,443 |
* 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.