IT IS LISTED LOW ON PURPOSE! FIX IT. It needs it, but the house has great bones & lots of space. BONUS walk-up third floor that is partially finished but the space is NOT included in the square footage offering great expansion potential. Other than the newer heating system & oil tank, the rest of it all needs updating. GREAT BONES! Spacious WALK-OUT basement. The electricity & water/sewer are operational but the property should be renovated. The house is perfectly laid out to be a 2 family & maybe it once was a 2 family many years ago but it is a single family now. Buyer may want to look into converting to a 2 Fam. LIST PRICE is obviously very low and is listed in this fashion to ensure it sells QUICK. OFFER DEADLINE is Tuesday Nov 12 at 3PM. Submit offer ASAP & expect a response on Tuesday evening! Please make offers good through Tuesday Nov 12. CONTRACTORS, INVESTORS, FLIPPERS, LANDLORDS, outstanding opportunity for the rehabbers out there
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William Raveis Mortgage, LLC
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Frank.Kolb@raveis.com
NMLS Mortgage Loan Originator ID 81725
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $200,000 | $200,000 | $200,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.875% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.551% | 7.042% | 6.160% |
Monthly Tax Payment | $290 | $290 | $290 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,331 | $1,314 | $1,687 |
Total Monthly Payment | $1,696 | $1,679 | $2,052 |
* 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.