Nestled in the highly sought-after neighborhood of New Hyde Park, this charming Dormered Cape style home presents a fantastic opportunity. The house boasts an attractive front yard with a paved path leading to a welcoming front door framed by a small porch. As you enter the house to the left is a bright and spacious living room and to the right is a huge formal dining room both rooms are perfect for entertaining. The eat in kitchen while functional could use a renovation, however the space has potential for modernization. There is a first-floor bedroom, and a first-floor full bathroom with a tub. The second floor offers a large primary bedroom with three closets, Plus a second bedroom down the hall next to another full bathroom. There is a separate entrance to the full unfinished basement, which is a large space and needs some updating. The backyard is lovely and perfect space for summer fun. There is a one car garage and a long private driveway. The location is awesome and close to public transportation, hospital, restaurants, shopping and so much more. This house needs renovations and tender loving care to restore it to its former glory. With thoughtful updates this property has so much potential.
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William Raveis Mortgage, LLC
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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 | $575,200 | $575,200 | $575,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.750% | 6.875% | 5.875% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.737% | 7.055% | 6.120% |
Monthly Tax Payment | $545 | $545 | $545 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,731 | $3,779 | $4,815 |
Total Monthly Payment | $4,368 | $4,416 | $5,452 |
* 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.