Welcome to your dream home at 189 Drake Avenue #2A, a beautifully renovated co-op in vibrant downtown New Rochelle! This stunning unit has been meticulously upgraded with brand-new features throughout, ensuring comfort and style at every turn. Enjoy the elegance of new flooring, modern moldings, and fresh paint that complement the open and airy layout of this spectacular residence. Step into the contemporary kitchen, which boasts brand-new appliances and sleek finishes, perfect for both cooking and entertaining. The bathroom has been completely remodeled, offering a spa-like retreat with top-of-the-line fixtures. For pet lovers, this co-op allows either one dog or one cat, so your furry friend can feel at home, too! Parking is a breeze with an assigned spot just for you, and the convenience of a private laundry room on the premises enhances your lifestyle. Situated in a prime location, this home is a short walk from New Rochelle's shoreline, providing easy access to scenic views and outdoor activities. You'll also be close to a variety of delicious restaurants, allowing you to explore the diverse culinary options that downtown New Rochelle has to offer. Experience the best of both comfort and convenience in this newly renovated gem at 189 Drake Avenue #2A – your perfect New Rochelle residence!
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Our Executive Mortgage Banker:
Our Insurance Division:
$225,000
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 | $180,000 | $180,000 | $180,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.404% | 7.133% | 6.236% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,198 | $1,196 | $1,518 |
Total Monthly Payment | $1,273 | $1,271 | $1,593 |
* 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.