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**Discover the potential at The Sherwood House. ** Perfectly positioned just moments from the beach, this spacious Junior 4 offers a versatile floor plan, a private terrace, and the added convenience of an assigned PARKING space. The thoughtfully designed layout includes a generously sized living room, a large primary bedroom, a full bath, and an eat-in kitchen with an adjoining bonus room. Whether you envision a formal dining room, home office, den, or a potential second bedroom, the flexible floor plan offers plenty of options to suit your needs. The apartment is ready for some tlc, providing a wonderful opportunity to renovate and create a home that reflects your personal style while adding value. Residents of The Sherwood House enjoy a saltwater inground pool, newly renovated fitness center, laundry on every floor, bike storage, party room, secure entry, and the convenience of an assigned parking space. Located across from the beach and the Long Beach Boardwalk, you'll enjoy easy access to restaurants, shopping, parks, and the LIRR. Monthly maintenance includes taxes, heat, gas, and water, the STAR rebate applies, and only 10% down is required. Whether you're looking for a year-round residence or a beachside retreat with room to make it your own, this is an opportunity not to be missed. *Some photos have been virtually enhanced. *
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Our Executive Mortgage Banker:
$449,000
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 | $359,200 | $359,200 | $359,200 |
| 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 | 6.358% | 6.640% | 5.952% |
| Monthly Tax Payment | N/A | N/A | N/A |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $2,151 | $2,268 | $2,983 |
| Total Monthly Payment | $2,226 | $2,343 | $3,058 |
* 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.