FREE SOLAR PANEL INCENTIVE FROM SELLER FOR A LIMITED TIME Space, style & modern luxury come together at 611 Beach 65th Street. A Newly renovated, turn key, move in ready mother/daughter situated on a beautiful tree lined street of Arverne By the Bay! Featuring a wide private driveway and is the perfect opportunity for buyers looking for space, plus income generating rental property to assist with mortgage payments. The parlor floor of the owners duplex features an expansive sun drenched, modern open concept living/dining area which provides great space for entertaining. Beautiful chefs granite kitchen equipped with floor to ceiling custom cabinetry, adorned with a full fleet of stainless steel appliances, and equipped with island for bar stool seating. 1/2 bath on first floor for your guest. Up a flight of stairs 3 spacious bedrooms awaits you, each equipped with ample closet space. Down the hall a fully tiled bathroom is adorned with state of the art wall & floor tiles. The high ceiling above ground walk in serves as the perfect in-law suite and can be used to generate additional recreational income. 611 Beach 65 road has been fully renovated by an expert team of contractors featuring select wide oak wood flooring, recessed lighting, updated electrical, heating & plumbing systems throughout. Located with close proximity to major transportation which makes commuting a breeze. Just off Beach 69th Street, Beach Channel Drive, Rockaway Beach Blvd, Cross Bay Veterans Memorial Bridge, Schools, shopping centers, restaurants, cafes, parks, and many other vibrant neighborhood amenities.
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Our Executive Mortgage Banker:
Our Insurance Division:
$649,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 347.223.0992
Sarah.Alvarez@Raveis.com
NMLS Mortgage Loan Originator ID 1880936
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $519,200 | $519,200 | $519,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.990% | 6.250% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.477% | 7.159% | 6.498% |
Monthly Tax Payment | $322 | $322 | $322 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,454 | $3,451 | $4,452 |
Total Monthly Payment | $3,868 | $3,865 | $4,866 |
* 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.