Yes the Estate Must Sell! This extra spacious 3. 5 room home (approx. 970 sf) offers a unique opportunity to a savvy purchaser with the creative vision and sharp business sense to take advantage of a rare value. The estate is offering to pay the first year's maintenance. Additional incentives are available.
The attractive residence features oversized rooms including a rear facing bedroom with two exposures, separate dining room easily modified to create a home office or guest room, a distinct entryway, abundant closets, plus a full bath and windowed kitchen. The residence is bright and quiet and the possibilities for updating and remodeling are on full display. The home is located on the quiet end of a cul-de sac street off First Ave. half a block from the East River in the prestigious Sutton House co-op. A monthly assessment of $177. 34 is in place until June 2025.
Sutton House is a full service co-op with outdoor gardens, twenty-four hour doormen, laundry, garage, fitness center, and playroom. Pets and pied-a-terres are welcome. Guarantors and co-purchasers are considered. Sublets with limitations are possible.
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Our Executive Mortgage Banker:
Our Insurance Division:
$610,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 347.223.0992
Sarah.DeFlorio@Raveis.com
NMLS Mortgage Loan Originator ID 1880936
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $488,000 | $488,000 | $488,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.990% | 6.250% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.330% | 7.171% | 6.538% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,247 | $3,243 | $4,184 |
Total Monthly Payment | $3,339 | $3,335 | $4,276 |
* 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.