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Bring your vision and contractor to this charming Rockaway Beach home with a 2-car driveway, low property taxes, low-cost flood insurance (Zone X), and generous room to grow. Fully detached and set back on a nearly 4, 000 SF lot, this property offers an exceptional opportunity to expand and create your ideal residence with 2, 884 SF of unused FAR (please consult your architect). While the property is in estate condition and needs updating and some repairs, the bathrooms and some of the appliances are newer, the retro kitchen is fully functional (check out the wall oven!), and the home is livable while you update it. The first floor features a welcoming sunroom and foyer, an eat-in kitchen, spacious living and dining room, bathroom, and washer & dryer. There are 3 bedrooms upstairs, including a primary suite with an ensuite bathroom, adjoining office or nursery, and beautiful views of Jamaica Bay and the NYC skyline. A bright, unfinished attic offers even more potential for additional living space. Great location just down the block from the soon-to-open Bay Breeze Park, around the corner from the train, and just moments from the beach, boardwalk, and local favorites Bungalow Bar, Similan on the Bay, Rockaway Beach Surf Club, and Sal y Lima. Some photos have been digitally enhanced and virtually staged.
All information is intended only for the Registrant’s personal, non-commercial use. This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. RLS Data display by William Raveis Real Estate, Inc.Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
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Our Executive Mortgage Banker:
$650,000
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 | $520,000 | $520,000 | $520,000 |
| 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 | $254 | $254 | $254 |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $3,202 | $3,330 | $4,353 |
| Total Monthly Payment | $3,548 | $3,676 | $4,699 |
* 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.