Incredible location in SODO in an Opportunity Zone near hospitals, medical buildings, restaurants, entertainment venues, businesses and more that measures 50' x 138'. You would have the option to purchase the adjacent property, 35 W Harding MLS # O6171036, making for a great development opportunity with a combined parcel measuring 150' X 138' for future residents to enjoy the convenience of urban living in the City Beautiful! An opportunity zone is a federal program that offers additional tax incentives that may include the temporary deferral of capital gains taxes and provides flexibility with building and design. Zoned for the sought-after Blankner K-8 and Boone high schools. House not available to view, the value is in the land. The roof is 4 years old, there is an AC system - age unknown, window units are currently in place. Thank you for your interest!
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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 | $356,000 | $356,000 | $356,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.125% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.456% | 7.171% | 6.276% |
Monthly Tax Payment | $229 | $229 | $229 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $2,398 | $2,366 | $3,002 |
Total Monthly Payment | $2,702 | $2,670 | $3,306 |
* 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.