Charming Colonial in Herricks School District - Renovation Opportunity! Welcome to this spacious 4-bedroom, 2. 5-bath colonial home nestled in a desirable mid-block location within the Herricks School District. This property presents a unique opportunity for those looking to create their dream home. With a generous layout and classic colonial charm, this residence offers endless potential. As you enter, you'll find a classic floor plan that includes a large living room, dining area, and a kitchen ready for your personal touch. The four well-sized bedrooms provide ample space for family or guests, while the 2. 5 bathrooms offer convenience for everyday living. Situated on a beautifully maintained lot, the home features plenty of outdoor space for gardening, entertaining, or simply enjoying the serene surroundings. The mature trees and landscaping add to the home's curb appeal, making it a fantastic canvas for your renovation vision. Please note that this property is being sold as is and requires total renovation. Bring your creativity and design ideas to transform this colonial gem into the home of your dreams! Located in the highly sought-after Herricks School District, this home is just minutes away from local shops, parks, and amenities. Don’t miss this rare chance to invest in a property with great potential in a top-rated school district. Schedule your viewing today and start envisioning your future in this wonderful neighborhood!
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Our Executive Mortgage Banker:
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$1,200,000
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 Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $960,000 | $960,000 | $960,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.875% | 6.625% | 6.125% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.820% | 6.723% | 6.284% |
Monthly Tax Payment | $2,003 | $2,003 | $2,003 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $5,679 | $6,147 | $8,166 |
Total Monthly Payment | $7,807 | $8,275 | $10,294 |
* 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.