Historic Old Northeast. Truly oversized corner lot fronting 80 feet on 19th Ave NE and 110 feet on Oak St NE. This is an ideal setting for carrying out your dream home build at this coveted high and dry Zone X homestead. The seller recognizes the value is in the location and land and therefore expects a buyer will plan to tear down the now aging structure. As a result, the seller prefers to limit tours of the house itself. Any such tour requests will be managed on a case by case basis. If you are not already well aware of this idyllic and charming environment, I respectfully suggest a short stroll or drive along the peaceful tree lined walkways and streets to experience an inspirational mix of historic architecture and modern marvels. Occasionally, waiting for the right opportunity pays dividends.
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Our Executive Mortgage Banker:
Our Insurance Division:
$1,255,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
RVP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 917.838.7300
Melissa.Cohn@raveis.com
NMLS Mortgage Loan Originator ID 16953
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $1,004,000 | $1,004,000 | $1,004,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.625% | 6.750% | 6.625% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.282% | 6.864% | 6.810% |
Monthly Tax Payment | $0 | $0 | $0 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $6,429 | $6,512 | $8,815 |
Total Monthly Payment | $6,554 | $6,637 | $8,940 |
* 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.