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Welcome to a unique real estate gem brought to you by the reputable builder, Cabrillo Construction. This remarkable property is more than just a home; it's an investment opportunity that promises value and versatility. Nestled on an oversized lot, this construction offers not one, but two distinct homes, making it an astute choice for investors and an extraordinary value for first-time homebuyers. With two homes on a single expansive lot, this property presents an unparalleled investment prospect. The possibility of living in one home while renting out the other creates an opportunity for a mortgage-free lifestyle, or a significant additional income stream. Both dwellings feature tasteful finishes that exemplify modern living at its finest. Polished concrete floors exude sophistication, while high ceilings amplify the sense of space, creating an airy ambiance. Every detail has been meticulously chosen to deliver a sense of seamless harmony throughout. The front building houses a generously spacious studio with an attached carport. Perfect for a creative workspace, a private retreat, or a cozy living area, this space offers endless possibilities for customization to suit your lifestyle. The rear building is a masterpiece and presents open-concept living. The kitchen, living, and dining areas flow perfectly, setting the stage for effortless entertaining and daily living. Two well-appointed bedrooms and a tastefully designed bathroom ensure comfort and convenience for you and your guests. The kitchen is a culinary haven, featuring top-of-the-line appliances that blend seamlessly with the modern aesthetic. Butcher block countertops exude warmth and practicality, offering ample space for meal preparation. Stylish pendant light fixtures add a touch of elegance, creating an atmosphere of refined comfort. The design of these homes masterfully fuses modern and industrial elements, resulting in a property that is truly one-of-a-kind. This distinctive blend creates an aesthetic that's not only visually striking but also functional and inviting. Don't miss out on this incredible opportunity to own a property that not only promises comfortable living but also holds the potential for financial growth. With Cabrillo Construction's reputation for quality craftsmanship and attention to detail, you can trust that this dual-home construction is built to exceed expectations. Seize the chance to make this unique property yours today!
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Our Executive Mortgage Banker:
Our Insurance Division:
$549,950
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
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $439,960 | $439,960 | $439,960 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.990% | 6.250% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.815% | 7.159% | 6.538% |
Monthly Tax Payment | $458 | $458 | $458 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $2,927 | $2,924 | $3,772 |
Total Monthly Payment | $3,477 | $3,474 | $4,322 |
* 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.