A rare opportunity to own this original but gracefully crafted 1950’s Cape Cod in beautiful Rye, New York. Offering over 4000 sf of space, this home offers 5 large bedrooms, and 5 full bathrooms over 3 floors. The first floor offers one large en-suite bedroom, hall bedroom and bath, large eat in kitchen with door to outside, living room with wood burning fireplace, formal dining room, and an enormous great room constructed with floor to ceiling wood wainscoting. The second-floor features two bedrooms and a full bath. The finished basement offers a large recreation room with separate entrance, guest room, two full baths, bar area, huge workshop with sink, laundry room and an abundance of storage, including 4 walk-in closets. Solid double beam construction, oak hardwood floors throughout, three entrances on the first floor, a second (marble) staircase leading from the great room to the basement, central air conditioning (requires new condenser), and a 2 car garage with loft storage complete this home. Located near all neighborhood amenities including beach, Playland Park, "downtown" rye, restaurants and train station. A tremendous opportunity to create your dream home. House needs renovations and is sold AS IS.
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Our Executive Mortgage Banker:
Our Insurance Division:
$2,200,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 302.293.7433
Brian.Shahwan@raveis.com
NMLS Mortgage Loan Originator ID 2166562
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $1,760,000 | $1,760,000 | $1,760,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.375% | 6.125% | 5.625% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.550% | 6.220% | 5.781% |
Monthly Tax Payment | $2,532 | $2,532 | $2,532 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $9,855 | $10,694 | $14,498 |
Total Monthly Payment | $12,512 | $13,351 | $17,155 |
* 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.