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Presented by
Kristaliz Cordero |
Welcome to 138 Arthur Avenue, a rare opportunity in the heart of Thornwood offering flexibility, space, and tremendous upside potential in one of Westchester County's most desirable communities. Lovingly maintained and cared for by the same family for more than 40 years, this is the type of property that buyers wait for. While the home offers tremendous value as it stands today, it also presents an exciting opportunity for a new owner to add their own personal touches and create something truly special. One of the most unique features of the property is its versatile layout, offering two distinct living areas that create an ideal setup for multigenerational living. Whether accommodating extended family, creating private guest quarters, or simply enjoying additional flexibility, the layout provides options that are increasingly difficult to find in today's market. The home also benefits from separate central air systems serving the different living areas, providing comfort and functionality throughout. For buyers with vision, there may also be an opportunity to explore conversion to a legal multifamily property, subject to approvals and requirements through the local municipality. Buyers are encouraged to conduct their own due diligence regarding future use possibilities, but the potential exists for those willing to navigate the process. Outside, your private backyard oasis awaits. The saltwater pool creates the perfect setting for summer entertaining, family gatherings, and relaxing weekends at home. Combined with the spacious outdoor areas, this is a property designed to be enjoyed both inside and out. What makes this opportunity especially compelling is the balance between current value and future potential. The home has been exceptionally maintained, yet there remains room for cosmetic updates and personalization that could significantly enhance both enjoyment and long-term value. For the buyer who can see beyond paint colors and finishes, this property offers the chance to unlock substantial equity through thoughtful improvements while benefiting from a location that continues to see strong demand. Situated in the highly sought-after Mount Pleasant community, you'll enjoy easy access to shopping, dining, parks, recreation, major highways, Metro North transportation options, and everything that makes Westchester County one of the most desirable places to live in the region. Whether you're searching for a multigenerational living solution, a property with future income potential, or simply a well-built home with outstanding upside, 138 Arthur Avenue delivers a combination of flexibility, location, and opportunity that is rarely available. Bring your vision, make it your own, and don't miss the opportunity to secure a property with exceptional long-term potential in one of Westchester's most desirable communities.
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:
Our Executive Mortgage Banker:
Our Insurance Division:
$949,000
Sales Associate
William Raveis Real Estate
Phone: 203.815.6397
Kristaliz.Cordero@raveis.com
VP, Mortgage Banker / Production Manager
William Raveis Mortgage, LLC
Phone: 203.305.5736
Kevin.DeTullio@Raveis.com
NMLS Mortgage Loan Originator ID 1724767
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 203.415.2989
Brian.Skelly@raveis.com
NMLS Mortgage Loan Originator ID 793093
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5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
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|---|---|---|---|
| Loan Amount | $759,200 | $759,200 | $759,200 |
| 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 | $1,475 | $1,475 | $1,475 |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $4,251 | $4,613 | $6,355 |
| Total Monthly Payment | $5,818 | $6,180 | $7,922 |
* 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.