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If You’re Seeking That Updated HUGE House With A Legal Accessory Apartment (Legal Mother Daughter) To Live & Legally Rent, Then Welcome to 185 Magnolia Dr. Newly Updated With Brand New Kitchen, New Appliances, New Bathrooms, Newly Refinished Floors, New Carpet, Newly Painted Top To Bottom. This House Boasts Almost 3000 Sq Ft Living Space With 6 Bedrooms, 3 Full Bathrooms, Finished Basement With Several Outside Entrances. Advanced Heating System With Gas Heat & Window AC. Backyard Enclosed With White PVC Fencing And Enormous Deck For Those Summer / Winter BBQs. Massive Double Driveway Parking For 6+ Cars. Walking Distances To Shops & Amenities. 10-15 Minute Drive To Stony Brook Hospital / University. Properties Like This Rarely Become Available. Whether You're Seeking A Large Family Home Or An Investment Opportunity With Legal Rental Income Potential, 185 Magnolia Drive Is A Must-See. House Has ALL CO's. Don't Miss This Opportunity As Houses With This Type Of Setup Are Extremely Rare So Don’t Miss Out As This House Will Not Last !!!!
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To learn more about our credentials, visit raveis.com today.
Our Executive Mortgage Banker:
$749,999
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 Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
|---|---|---|---|
| Loan Amount | $599,999 | $599,999 | $599,999 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.990% | 6.490% | 5.750% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.370% | 6.603% | 5.952% |
| Monthly Tax Payment | $1,312 | $1,312 | $1,312 |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $3,593 | $3,788 | $4,982 |
| Total Monthly Payment | $4,997 | $5,192 | $6,386 |
* 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.