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Under contract-accepting backup offers. HERE'S ANOTHER OPPORTUNITY TO SUBMIT YOUR OFFER ON THIS PROPERTY. BUYER DEFAULTED SO WE'RE BACK ON THE MARKET!
About the property:
•This property received a Letter of Map Amendment (LOMA) - that is readily available - which is an official amendment, by letter, to an effective National Flood Insurance Program (NFIP) map. It established that this property's location in relation to the Special Flood Hazard Area (SFHA) was inadvertently mapped as being in the floodplain, but is actually on natural high ground above the base flood elevation - so NOT IN A FLOOD ZONE.
•The LOMA letter can be used for the lender’s purposes where no flood insurance is required. This property does not require an elevation certificate.
•On a ASSUMABLE VA LOAN [buyer(s) will need to assume their own VA entitlement].
•ARV $500K minimum. NO HOA. NO CDD. HOA membership is strictly OPTIONAL, the future homeowner does NOT need to join the HOA and does NOT need to pay those fees.
•3 full sized bedrooms and a Sewing Room that could easily be converted into an oversized bedroom or In-Law Suite/Studio as it includes a private entry.
•Formal Dining Room, Living Room, and a versatile Den that can effortlessly serve as an inviting office space.
•PACE Solar Panels maximizes efficiency and minimizes your utility bills. The remaining balance will be paid off at closing! So no worries there!
•The fully enclosed in-ground pool adds an element of relaxation and recreation to your daily life.
•The spacious Kitchen includes refrigerator, electric glass-top stove with oven, microwave, and dishwasher.
•Wall-to-wall Closet Pantry allows you to keep your culinary essentials organized and easily accessible.
•The 2-car attached Garage is equipped with AC ACCESS, automatic door opener, attic ladder, washer, dryer, and electric water heater
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•Shingle roof installed in 2014 offers reassurance that you have many years of worry-free living ahead.
•Properties like this are a dream for many so don't delay and schedule that showing today.
•The Seller is selling the Property in “As-Is” condition, with all faults. The Buyer acknowledges and accepts that Buyer is purchasing the Property in its current condition and without any representations, guarantees, or warranties from Seller, either expressed or implied, as to suitability or condition.
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Our Executive Mortgage Banker:
Our Insurance Division:
$319,000
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
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $255,200 | $255,200 | $255,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.875% | 6.875% | 5.875% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.191% | 7.042% | 6.160% |
Monthly Tax Payment | $447 | $447 | $447 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,676 | $1,676 | $2,136 |
Total Monthly Payment | $2,197 | $2,197 | $2,657 |
* 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.