A Must See! This spacious and versatile Cape Colonial, located in a highly desirable neighborhood, offers an incredible opportunity to restore it to its original grandeur as a stunning single-family home. With 3, 511 square feet of living space, the layout provides endless possibilities for customization to suit your needs. Formerly it was the home office of an eye doctor, with the main floor featuring a generous living room with a gas-burning fireplace, a sun-filled sitting area, a wet bar, and flexible spaces that can be reimagined as bedrooms, offices, or additional living areas. Upstairs, now you'll find a bedroom, an eat-in kitchen, and additional rooms that open onto a private patio, as well as a full bath and a cozy storage nook. The top floor boasts two bedrooms and a whirlpool bath with a skylight, perfect for creating a serene retreat. The lower level offers ample storage, utility rooms, a full bath, and additional flexible-use spaces. This home is ready for a visionary contractor or homeowner to transform it into a spectacular single-family residence. Don't miss the chance to bring this unique property back to life and make it your own. ConstructionDescription: Vinyl Siding,
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Our Executive Mortgage Banker:
Our Insurance Division:
$1,400,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 347.223.0992
Sarah.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 | $1,120,000 | $1,120,000 | $1,120,000 |
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 | $1,297 | $1,297 | $1,297 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $6,359 | $6,987 | $9,376 |
Total Monthly Payment | $7,781 | $8,409 | $10,798 |
* 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.