Welcome to a serene waterfront haven nestled along the picturesque Cedar River. This remarkable property spans 1. 15 acres and boasts an impressive 220 feet of waterfront footage. With its lush tree-lined surroundings and captivating river views, this parcel is an absolute gem to rehab or develop. Transform this idyllic setting into your dream retreat or seize the investment opportunity by developing multifamily housing, thanks to its advantageous RLD60 zoning. The property currently features a 3-bedroom, 2-bathroom structure, providing a solid foundation for renovation. Looking to expand your investment or create a private waterfront estate? The neighboring property is also available (MLS 1249049) offering a unique opportunity to shape your vision even further and span 448' along Blanding Blvd. This property offers both convenience and tranquility. It's close to shopping, restaurants, and downtown, ensuring that you're never far from the essentials. Whether you aspire to create a personal sanctuary where you can savor the wonders of riverside living or seek a savvy investment opportunity in the thriving community, this Cedar River waterfront property beckons. Act now to secure your piece of paradise and explore the endless potential that awaits. Contact us today for a closer look and to discover how this property can fulfill your dreams.
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Our Executive Mortgage Banker:
Our Insurance Division:
$900,000
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 Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $720,000 | $720,000 | $720,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.625% | 6.750% | 6.625% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.282% | 6.864% | 6.810% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $4,610 | $4,670 | $6,322 |
Total Monthly Payment | $4,702 | $4,762 | $6,414 |
* 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.