48 Franco Avenue, Selden, NY, 11784 | $575,000
This home has undergone some renovations but still requires additional work to reach its full potential. Due to major health issues, the owner was unable to complete the remaining repairs. The property presents an excellent opportunity for an end user, investor, or contractor looking to add value. Recent updates include a new roof, new siding, and an updated boiler. The first floor offers a potential rental unit featuring 2 bedrooms and 1 bathroom. The second floor includes 3 bedrooms and 1 bathroom, providing plenty of living space. Please note that the property is unlikely to qualify for FHA or conventional financing in its current condition. Buyers should be prepared to use a renovation loan, private financing, or cash. This is an outstanding opportunity with tremendous potential. Don't miss out—properties like this do not stay on the market for long!
Features
- Rooms: 9
- Bedrooms: 5
- Baths: 2 full
- Style: Hi Ranch
- Year Built: 1963
- Garage: 1-car
- Heating: Oil
- Cooling: Wall/Window Unit(s)
- Approx Sq. Feet: 1,935
- Acreage: 0.21
- Est. Taxes: $12,026
- Elem. School: Hiawatha School
- Middle School: Seneca Middle School
- High School: Sachem High School East
- School District: Sachem
- Pool: Yes
- Appliances: Oven
- MLS#: 1007149
- Days on Market: 13 days
- Website: https://www.raveis.com
/prop/1007149/48francoavenue_selden_ny?source=qrflyer
William Raveis Family of Services
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888.699.8876
Contact@raveis.com
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Frank KolbSenior Vice President - Coaching & Strategic, William Raveis Mortgage, LLC
NMLS Mortgage Loan Originator ID 81725
203.980.8025
Frank.Kolb@raveis.com
Our Executive Mortgage Banker:
- Is available to meet with you in our office, your home or office, evenings or weekends
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48 Franco Avenue, Selden, NY, 11784
$575,000
Customer Service
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
Frank Kolb
Senior Vice President - Coaching & Strategic
William Raveis Mortgage, LLC
Phone: 203.980.8025
Frank.Kolb@raveis.com
NMLS Mortgage Loan Originator ID 81725
|
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
|---|---|---|---|
| Loan Amount | $460,000 | $460,000 | $460,000 |
| 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% | 6.615% | 5.952% |
| Monthly Tax Payment | $1,002 | $1,002 | $1,002 |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $2,755 | $2,904 | $3,820 |
| Total Monthly Payment | $3,849 | $3,998 | $4,914 |
* 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.
William Raveis Mortgage, LLC, NMLS ID 2630, 7 Trap Falls Road, Shelton, CT 06484
NY Licensed Mortgage Banker-NYS Banking Department LMBC 106535