Welcome to The Solara located in the Concourse Village area of The Bronx. Original owners have lovingly owned this 2 bedroom, 1 bath unit. Open floor layout of the foyer, dining/living room, and kitchen, with granite countertops and cherrywood cabinets, maximize the space. Large master bedroom, nice sized second bedroom, and bathroom only need to be painted to your taste. Lots of closets and granite flooring throughout. Close to shops, public transportation (B/D/4 trains, x2/x1/x35 buses), and local points of interest like Grand Concourse, Yankee Stadium, Bronx Museums of Art, Andrew Freedman Home, Bronx Drafthouse, Macombs Dam Park, and more. This is a great, well-maintained building with amenities such as a gym, laundry, community room, and recently renovated courtyard. Garage parking has a short waiting list. Building is part of the HPD program, so income limits apply. Financing is not guaranteed, so CASH BUYER IS PREFERRED. Please contact for further information. AS-IS-SALE.
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Our Executive Mortgage Banker:
Our Insurance Division:
$190,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 347.223.0992
Sarah.Alvarez@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 | $152,000 | $152,000 | $152,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.375% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.708% | 7.133% | 6.256% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,050 | $1,010 | $1,282 |
Total Monthly Payment | $1,125 | $1,085 | $1,357 |
* 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.