Welcome to 358 Litchfield Avenue, a rare legal two-family residence set on a wonderful corner lot in the heart of Elmont. Opportunities like this do not come along often. This 2, 363-square-foot home delivers the kind of versatility and space that is truly hard to find, leaving the opportunity to live in both units or to rent one unit and help with mortgage. Currently configured and occupied as a single-family residence, the property will be delivered vacant, offering the next owner complete flexibility from day one. The first floor welcomes you with a generous foyer that opens into an expansive living room, a dedicated dining area, and a full kitchen, along with two sizable bedrooms and a full bathroom. Step outside to a covered patio, ideal for relaxing or entertaining in any season. The second floor features a spacious primary bedroom, a large primary bathroom, two additional bedrooms, and a comfortable sitting room that adds a private retreat-like feel to the upper level. Hardwood floors run throughout the home, lending warmth and character to every room. The lower level is where the true versatility of this property comes to life. Fully customizable to be used in an aspect you may desire, additional storage, recreational space, or living space with proper permits. Outside, the corner lot provides excellent curb presence along with a private driveway, a separate carport, and a garage, giving the property ample parking and storage that is hard to come by in this neighborhood. Elmont's location is one of its greatest strengths. Situated just minutes from the New York City border, residents enjoy easy access to all five boroughs while still benefiting from the space and pace of living on Long Island. The Long Island Rail Road puts Penn Station within reach for a quick commute, and the area's proximity to both the south shore beaches and the vibrant dining, shopping, and entertainment options of Nassau County make this an incredibly well-connected place to call home. This is a home with real flexibility, real space, and a legal two-family designation that opens the door to possibilities that most properties in Elmont simply cannot offer. Do not let this one pass you by.
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Our Executive Mortgage Banker:
$899,000
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
|
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
|---|---|---|---|
| Loan Amount | $719,200 | $719,200 | $719,200 |
| 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 | $1,258 | $1,258 | $1,258 |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $4,027 | $4,370 | $6,021 |
| Total Monthly Payment | $5,377 | $5,720 | $7,371 |
* 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.