Great Hyde Park Opportunity! This Grand 1890's home was moved to it's current location about twenty years ago, which means it has a new concrete foundation, and updated electric and plumbing. Situated in Hyde Park's RO1 zone (residential or office) the home with a large L shaped front porch is currently a 2 unit office. The first and second floor electricity is separately metered for your convenience. The first floor full kitchen, with island, has wood shaker cabinets and stainless steel appliances. There two full baths downstairs and a half bath upstairs. The large first floor living room (21x17) has a temporary wall currently for additional offices but could be brought back easily. The second floor has a number of bedrooms/ offices with a nice open area at the top of the stairs. High ceiling and antique moldings can be found on both levels of the home. There is off street parking also. The real opportunity is what You decide. Make it a Grand turn of the century home. Make it a large two story office, or continue with the current 2 unit office concept. Or use it as a Live/work, working on level and living on the other. Less than a 4 minute walk to Gorrie Elementary or Wilson Middle school. Close to Hyde Park Village, Bayshore Blvd, and Downtown. This property is all what you want to make it !
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William Raveis Real Estate
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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 | $1,119,200 | $1,119,200 | $1,119,200 |
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 | 7.371% | 6.348% | 6.182% |
Monthly Tax Payment | $1,080 | $1,080 | $1,080 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $6,800 | $6,891 | $9,444 |
Total Monthly Payment | $8,005 | $8,096 | $10,649 |
* 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.