Prime Location! Prime Opportunity! Discover the exceptional charm of this SOUTH-facing, R6B zoning, detached home in the vibrant heart of Elmhurst. This property boasts 4 spacious bedrooms and 2. 5 bathrooms, offering comfort and versatility. Key Features: Sunlit Interiors: Abundant windows throughout ensure a bright and airy atmosphere. On the 1st Floor there are Inviting living room, formal dining room, kitchen, convenient full bathroom, and a bedroom perfect for guests or a home office. on 2nd Floor: Three well-sized bedrooms and an additional full bathroom. Basement: Fully finished basement with a separate entrance, featuring a full bathroom and laundry room. Attic: High and spacious, providing additional bonus space with potential for a variety of uses. Unbeatable Location: Just a 3-minute walk to the Broadway/Justice Av Train Station for a direct commute to Manhattan. A short 5-minute stroll to Queens Center Mall, featuring Target, Macy's, Costco, and a plethora of shops and restaurants. It has great Investment Potential: Zoned R6B, this property offers the unique opportunity to develop into a luxury multi-family home or a 3-4 story high-rise building. Rarely available on the market, this home combines location, convenience, and potential. Don't miss your chance to own a gem in this sought-after neighborhood!
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Our Executive Mortgage Banker:
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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 Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $1,039,920 | $1,039,920 | $1,039,920 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.500% | 6.375% | 5.875% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.902% | 6.486% | 6.056% |
Monthly Tax Payment | $547 | $547 | $547 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $5,905 | $6,488 | $8,705 |
Total Monthly Payment | $6,577 | $7,160 | $9,377 |
* 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.