Welcome to this spacious two-story detached home in the heart of Springfield Gardens, perfect for first-time homebuyers and investors alike. This 2-bedroom, currently used as a 3 bedroom, 2-bath home sits on a large 50x100 lot, offering plenty of room for personalization and future growth. With R3X zoning, the property provides potential for expansion or redevelopment, but it's also ideal for those looking to create a home with room to grow in the future. This home offers the perfect blend of space, comfort, and potential, allowing you to truly make it your own. For investors, the zoning and lot size make this a fantastic opportunity for future development. The home features a vast welcoming foyer, office space, open-concept dining and living room, and a large eat-in kitchen on the first floor. The second floor includes a bath and two bedrooms, the second bedroom is notably spacious, currently accommodating two full-size beds along with furniture. The fully finished basement, complete with a separate outside entrance, adds even more flexibility for your needs. The property features a vast private driveway, a two car garage, and plenty of backyard space for entertaining or future expansion. Located just minutes from major highways, including the Belt Parkway, Southern State Parkway, and Cross Island Parkway, commuting is a breeze. Nearby public transportation options include the Q85, Q3, and Q111 buses, which provide connections to the E, J, and Z subway lines, as well as LIRR stations. Enjoy outdoor recreation at nearby Springfield Park, Brookville Park, and Baisley Pond Park, and take advantage of shopping, dining, and entertainment at Green Acres Mall and local retail stores. Whether you're a looking to create your dream home or an investor ready to capitalize on the zoning potential, this home is a unique opportunity to bring your vision to life.
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Our Executive Mortgage Banker:
Our Insurance Division:
$650,000
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 | $520,000 | $520,000 | $520,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.875% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.551% | 7.042% | 6.160% |
Monthly Tax Payment | $426 | $426 | $426 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,460 | $3,416 | $4,385 |
Total Monthly Payment | $3,978 | $3,934 | $4,903 |
* 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.