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Welcome to one of the most compelling investment opportunities to hit the Mount Vernon market. This exceptional single-family residence, strategically situated in a coveted two-family zoning district, presents a rare opportunity for investors, developers, builders, and visionary end users alike to unlock extraordinary upside potential. Whether you are seeking to expand your real estate portfolio, create a luxury income-producing asset, or design a sophisticated multi-generational residence, the possibilities here are abundant. With proper approvals, this property offers the potential to be converted into a two-family dwelling — a highly desirable asset class in this thriving, commuter-friendly neighborhood, where renovated two-family homes regularly command values exceeding $ 800, 000. Positioned on a generously sized lot with a long private driveway and an oversized two-car garage, this property offers the ideal setting for entertaining, expansion, and elevated suburban living. The grounds provide tremendous flexibility for outdoor enjoyment, additional improvements, and enhanced curb appeal. Location is where this offering truly distinguishes itself. Conveniently located within walking distance to the Mount Vernon East Train Station, commuters can arrive in Midtown Manhattan and Grand Central Terminal in under 30 minutes. Major highways, premier shopping, dining, parks, and everyday conveniences are allwithin moments'sreachy. For the frequent traveler, this residence offers exceptional accessibility: • Approximately 20 minutes to LaGuardia Airport • Approximately 35 minutes to John F. Kennedy International Airport • Approximately 20 minutes to Westchester County Airport • Approximately 45 minutes to Newark Liberty International Airport This is truly a commuter’s and frequent flyer’s delight — blending accessibility, investment potential, and suburban convenience into one extraordinary offering. The surrounding area is known for its strong community atmosphere, established residential character, and proximity to respected schools, transportation, and economic hubs throughout Westchester County and New York City. IMPORTANT DISCLAIMER: Buyers are strongly encouraged to conduct their own independent due diligence with the applicable Building Department, Planning Board, Zoning Board, and Architectural Review Board regarding all intended uses, conversions, permits, zoning interpretations, and development possibilities. Seller and listing broker make no representations or guarantees regarding approvals or future use. Property is being sold strictly AS-IS. Seller will only entertain CASH OFFERS. Serious investors and developers only.
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Our Executive Mortgage Banker:
$391,000
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 Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
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|---|---|---|---|
| Loan Amount | $312,800 | $312,800 | $312,800 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 6.250% | 6.625% | 5.875% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.609% | 6.887% | 6.078% |
| Monthly Tax Payment | $954 | $954 | $954 |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $1,926 | $2,003 | $2,619 |
| Total Monthly Payment | $2,955 | $3,032 | $3,648 |
* 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.