WELCOME TO A ONE-OF-A-KIND OPPORTUNITY TO OWN LAND ON EWEN PARK IN RIVERDALE. THE LAND IS A ZONE FOR A SINGLE OR MULTI-FAMILY HOME AND THE RENDERINGS ARE AS SHOWN. SEE THE ATTACHED APPROVED PLANS AND YOU ONLY NEED TO DO THE REST. THE LAND STILL HAS THE ORIGINAL METAL FOUNDATION WHICH WILL PRESERVE THE HISTORY OF THE PROPERTY AND THE PARK WHICH WILL BE YOUR BACKYARD. ONCE OWNED BY GENERAL EWEN FROM THE CIVIL WAR. GENERAL EWEN USED TO LIVE IN THE HOUSE BACK IN THE 60'S AND HIS FATHER WAS THE CONTROLLER FOR NYC AT THAT TIME. THE FAMILY DONATED THE BACKYARD WHICH IS NOW KNOWN AS EWEN PARK. YOU WILL BE WITHIN WALKING DISTANCE FROM CENTRAL RIVERDALE, SHOPS, RESTAURANTS, TRANSPORTATION AND LET'S NOT FORGET THE PARK AS YOUR BACKYARD. STOP BY ANYTIME TO VIEW THE LOCATION OF YOUR NEW HOME OR YOUR NEW PROJECT AS EVERYONE IS WELCOME.
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Our Executive Mortgage Banker:
Our Insurance Division:
$349,995
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 | $279,996 | $279,996 | $279,996 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.477% | 7.159% | 6.296% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,863 | $1,861 | $2,361 |
Total Monthly Payment | $1,938 | $1,936 | $2,436 |
* 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.