HOLIDAY SPECIAL! Seller just made large $24, 000 Reduction to $224, 900 until 12/31/2024, then price goes back up! Super cool Post-Art Deco 3-bedroom, 1-bathroom round home with modern upgrades, originally crafted by King Soloman Rathel and his wife, Marvel. During the Great Depression, this talented couple transformed Trout River lands, creating nearly 15 homes between 1935 and 1958 with signature rounded corners, stucco finishes, curvilinear entryways, and unique drainpipe details. New roof, complete electrical overhaul, updated plumbing, new kitchen with sleek stainless appliances, a new bath, fresh tile and laminate flooring, LED lighting, on-demand water heater, and insulated vinyl windows. A third bedroom that doubles as flexible space. Detached Shed As-Is. Owner will add a dual-purpose AC/Heat unit in third bedroom—don't miss this unique blend of past and present! Cash, Conventional or Seller Financing with minimum 50% Down ONLY considered. FRBAR As-Is contract only.
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Our Executive Mortgage Banker:
Our Insurance Division:
$224,900
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 | $179,920 | $179,920 | $179,920 |
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 | $151 | $151 | $151 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,212 | $1,196 | $1,517 |
Total Monthly Payment | $1,438 | $1,422 | $1,743 |
* 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.