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12, 432 sq ft BUILDABLE lot zoned Multi Family 20-C1 - HIST on the corner of Washington Road and Lakeland Drive. Historic home (needs complete rehab) can be used as a duplex, 2 units: a studio and 2 bed 1 bath attached. As a single family: 3 beds, 2 baths. Live in one side and rent the other, or use both units. Needs AC, water heater, appliances, and lots of love. You can build on top up to 32', or build additional units (see Zoning Confirmation in Documents section), up to 5500 sq ft in total, including the duplex. One house in from the Intracoastal Waterway. Electric lines have been upgraded and moved underground. Excellent opportunity to own a one of a kind property on a huge buildable lot with endless possibilities! LOVE WHERE YOU LIVE!
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Our Executive Mortgage Banker:
Our Insurance Division:
$1,190,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
RVP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 917.838.7300
Melissa.Cohn@raveis.com
NMLS Mortgage Loan Originator ID 16953
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $952,000 | $952,000 | $952,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.125% | 6.250% | 6.000% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.443% | 6.360% | 6.221% |
Monthly Tax Payment | $261 | $261 | $261 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $5,784 | $5,862 | $8,034 |
Total Monthly Payment | $6,170 | $6,248 | $8,420 |
* 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.