New Construction, Location and Quality Craftsmanship are just a few reasons that make 87 Colonial Ave in Larchmont special. Take advantage of this wonderful opportunity to work with a local, well known builder to live in your dream home. This 5935sqft, 5 bedroom/5 bathroom home is awaiting your finishing touches. Special features include; ALL 4 bedrooms on 2nd floor have private bathrooms and WICs, cathedral ceiling office space, 9' ceilings throughout, perfectly proportioned living spaces across all 3 floors, gas fireplace, high efficiency mechanical systems, bluestone patio and many other bells and whistles that come along with new construction. Colonial Ave is located down the street from Murray Ave Elementary School and playground where bikes can be ridden, neighborly conversations are had and outdoor play is encouraged. Conveniently located to Larchmont Town, Train Station and Village Restaurants. Make this year the year you move into the home of your dreams! Additional Information: Amenities: Stall Shower, Storage, ParkingFeatures: 2 Car Attached,
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Our Executive Mortgage Banker:
Our Insurance Division:
$3,495,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 347.223.0992
Sarah.DeFlorio@Raveis.com
NMLS Mortgage Loan Originator ID 1880936
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $2,796,000 | $2,796,000 | $2,796,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.750% | 6.500% | 6.000% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.844% | 6.597% | 6.158% |
Monthly Tax Payment | $1,956 | $1,956 | $1,956 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $16,317 | $17,673 | $23,594 |
Total Monthly Payment | $18,398 | $19,754 | $25,675 |
* 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.