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Surrounded by established homes in a highly desirable location, this property presents a rare opportunity for investors, renovators, or buyers looking to create something truly their own. Full of potential and ready for a complete transformation, this is the kind of project that doesn't come along often. Whether your vision is to renovate, restore, or reimagine the home from top to bottom, the possibilities are here for those ready to take on the challenge. Being sold as-is, the home will require significant improvements, including the roof, HVAC, major systems, and cosmetic updates. While extensive work is needed, the value lies in the opportunity to customize the property to your own standards and potentially build equity through renovation. Due to the home's condition, traditional government financing may not be suitable, but there may be alternative financing or purchase options worth exploring. For many years, this home has been filled with cherished memories, and now it is ready for its next chapter. If you've been searching for a property with strong potential in a sought-after area and have the vision to bring it back to life, this could be the opportunity you've been waiting for.
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.
Our family of companies offer our clients a new level of full-service real estate. We shall:
To learn more about our credentials, visit raveis.com today.
Our Executive Mortgage Banker:
$250,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
RVP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 917.838.7300
Melissa.Cohn@raveis.com
NMLS Mortgage Loan Originator ID 16953
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5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
|---|---|---|---|
| Loan Amount | $200,000 | $200,000 | $200,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 6.125% | 6.625% | 5.750% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.424% | 6.764% | 5.992% |
| Monthly Tax Payment | $116 | $116 | $116 |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $1,215 | $1,281 | $1,661 |
| Total Monthly Payment | $1,406 | $1,472 | $1,852 |
* 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.