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Welcome to 68 Shipherd Avenue, Lynbrook's newest legal two-family home to hit the market! This expanded Cape offers exceptional flexibility for both investors and owner-occupants alike. The first-floor unit features two generously sized bedrooms, a spacious living room, an eat-in kitchen, and a recently renovated full bathroom. Upstairs, the second unit offers a large 240-square-foot bedroom with double closets, a formal living room, an eat-in kitchen, and an updated full bathroom. A standout feature of this property is the newly finished and fully legalized basement, complete with a full bathroom. The basement can be accessed through the first-floor unit or via a separate outside entrance, offering additional versatility. Ample storage space and a dedicated utility area complete the lower level. Situated on a 5, 000-square-foot lot, the property boasts a long private driveway leading to a detached two-car garage. An additional paved parking area provides extra off-street parking, while the spacious backyard offers plenty of room for outdoor entertaining and recreation. Conveniently located just minutes from the heart of Lynbrook Village, you'll enjoy easy access to the LIRR, major highways and parkways, as well as an abundance of restaurants, shopping, and nightlife. Major improvements have already been completed, with the roof, kitchens, and bathrooms all updated within the last five years. Whether you're looking for your first investment property, a home with income-producing potential, or an opportunity to build long-term equity, 68 Shipherd Avenue is a rare opportunity you won't want to miss. AI was used to some pictures to remove clutter.
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Our Executive Mortgage Banker:
$899,999
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 Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
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|---|---|---|---|
| Loan Amount | $719,999 | $719,999 | $719,999 |
| 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 | $1,503 | $1,503 | $1,503 |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $4,032 | $4,375 | $6,027 |
| Total Monthly Payment | $5,627 | $5,970 | $7,622 |
* 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.