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Rare opportunity to own a double lot in the heart of Little Neck! Charming 3-Bed, 1. 5-Bath Colonial in Little Neck with Unlimited Potential Located in the desirable Little Neck neighborhood of Queens, this classic 3-bedroom, 1. 5-bath Colonial offers a fantastic opportunity for buyers looking to create their dream home. While the property is in need of some TLC, it features a traditional layout with spacious rooms, hardwood floors, and ample natural light. What truly sets this property apart is the included additional tax lot located directly behind the house. This rare find provides the perfect canvas for expansion—build a much larger home or design a stunning park-like backyard complete with a pool, garden, or outdoor entertainment area. The possibilities are endless with this expansive bonus lot, offering both privacy and potential for future growth. In addition to its great potential, this home is conveniently located near the Little Neck LIRR train station, local bus routes, shopping centers, making daily life a breeze. Whether you're commuting into the city or enjoying the Local amenities, this location is hard to beat. Don't miss the chance to own a home in this sought-after area with the added benefit of a sizable lot to customize and create your ideal living space.
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To learn more about our credentials, visit raveis.com today.
Our Executive Mortgage Banker:
Our Insurance Division:
$1,749,000
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 | $1,399,200 | $1,399,200 | $1,399,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.500% | 6.375% | 5.875% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.599% | 6.472% | 6.032% |
Monthly Tax Payment | $788 | $788 | $788 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $7,945 | $8,729 | $11,713 |
Total Monthly Payment | $8,858 | $9,642 | $12,626 |
* 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.