LOCATION, LOCATION, LOCATION! Here's your once-in-a-lifetime opportunity to own a prime waterfront property in the coveted Hamilton Beach/Howard Beach area. This 2-family beachfront home offers the ultimate in coastal living, with 180-degree water views and your very own private dock-it's everything water lovers dream of! This spacious 3-bedroom, 2-bath colonial sits on a generous lot with nearly 2, 000 sq. ft. of living space and plenty of room to expand. The lower level even includes a charming small studio apartment, perfect for guests or rental income. Imagine relaxing in the large living room, with its sweeping water views and sliding doors that open to your deck-ideal for morning coffee or sunset cocktails. The property is surrounded by protected wetlands, offering privacy and serenity. The ground elevation is 7 ft. , and you'll enjoy the added benefit of dock rights. While the home may need some updating, this is your chance to design and customize your very own waterfront oasis, with the ocean right at your doorstep! Whether you're seeking a vacation home, an investment property, or everyday coastal living, this home has endless potential. Don't miss out-the ocean is waiting for you!
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Our Executive Mortgage Banker:
Our Insurance Division:
$1,250,000
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 Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $1,000,000 | $1,000,000 | $1,000,000 |
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 | 6.821% | 6.474% | 6.036% |
Monthly Tax Payment | $463 | $463 | $463 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $5,678 | $6,239 | $8,371 |
Total Monthly Payment | $6,266 | $6,827 | $8,959 |
* 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.