This is your chance to own a two family in Thornwood located on the corner of Sherman Avenue and Orchard. This is a wonderful opportunity to live in the heart of Westchester County in the lovely town of Mount Pleasant and to have income to help with the bills. Each unit has a private door and the main unit lives like a private house with a three bedroom two bath duplex with skylights and deck. The second unit is a two bedroom with one bath. Each unit has the convenience of their own washer and dryer, their own heat and hot water heater. There is a two car garage with a convenient bathroom paying $800/mo. Parking is plentiful as there is a driveway on Sherman and a ten car driveway on the side of Orchard. The interior of the house was renovated in 1992 and the exterior was done in 2021. There was a new roof installed and new siding. This is a wonderful opportunity only a few blocks from Columbus Avenue with the convenience of three wonderful shopping centers. It is a three minute drive to the Hawthorne train station with a 50 minute commute to Grand Central. The Town of Mount Pleasant has an exceptional pool club and is truly a special place to call home or to have an investment home.
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Our Executive Mortgage Banker:
Our Insurance Division:
$949,999
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 | $759,999 | $759,999 | $759,999 |
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 | $991 | $991 | $991 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $4,315 | $4,741 | $6,362 |
Total Monthly Payment | $5,398 | $5,824 | $7,445 |
* 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.