Discover the perfect blend of spacious comfort and prime location with this magnificent 8-bedroom home in the heart of Cedarhurst. Nestled in a serene neighborhood, this property is ideally situated close to houses of worship and a short 5-minute walk from the picturesque Cedarhurst Park, offering you the ultimate convenience and recreational options right at your doorstep. Step inside to find a home that combines traditional charm with modern amenities. With seven generously-sized bedrooms, this residence is perfect for a growing family or those who love to entertain. The expansive layout includes a massive attic with three distinct wings, offering endless possibilities for additional bedrooms, a home office, or a playroom. One of the standout features of this property is its extremely low taxes, a rare find for a house of this size. Enjoy the benefits of ample space without the high tax burden, making this home not just a place to live, but a smart investment. Rest easy knowing this home is situated well above water level and is not in a flood zone, with a proven track record of never having experienced moisture issues. The elevated positioning ensures peace of mind and adds to the overall value of the property. Don't miss this opportunity to own a truly special home that caters to all your family's needs in a highly sought-after location. Make this dream home yours!
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Our Executive Mortgage Banker:
Our Insurance Division:
$2,400,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 347.223.0992
Sarah.DeFlorio@Raveis.com
NMLS Mortgage Loan Originator ID 1880936
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $1,920,000 | $1,920,000 | $1,920,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.750% | 6.500% | 6.000% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.844% | 6.597% | 6.158% |
Monthly Tax Payment | $917 | $917 | $917 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $11,205 | $12,136 | $16,202 |
Total Monthly Payment | $12,247 | $13,178 | $17,244 |
* 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.