ESTATE SALE PRIME Pelham Gardens Great potential to renovate this property located in one of the most desirable areas of Pelham Gardens, bordering Pelham Parkway. This perfectly laid out semi-attached house with 3 sizable bedrooms, 2. 5 bathrooms, attached garage and a spacious walk-out lower level, makes for a strong investment - surrounded by larger, exclusive homes. --- Note that this is an estate sale - needing renovation - and priced accordingly to sell. --- The existing layout of this home is perfectly conducive to a fully modern open-plan concept. Visualize a chef's kitchen open to the bright and spacious dining and living space with floor-to-ceiling sliding glass doors to the large deck and private, fenced in garden with lovely views! You currently have a spacious, sunny living room, formal dining room, galley kitchen and half a bath on the first floor. On the second floor you have a large and very bright master bedroom, a full bathroom, and two additional well-sized bedrooms. Beautiful original hardwood floors to be revived. High ceilings and large windows. Get creative with the large walk-out lower floor. This entire floor is wood paneled with an expansive entertainment space, a large wet bar, a full bathroom, 2 egresses, and a laundry space. Tranquil views of trees and gardens throughout the home. Bright and sunny all day. A comfortable 1912 square feet build, on a 2500 square foot lot. Neighboring homes sell for $200, 000-$800, 000 more, so the appreciation value upon renovation is instant. At only one and a half blocks from Pelham Parkway you can easily enjoy long walks and recreational activities every day. And despite the exclusively residential ambiance of this location, you are still only a quick walk from a variety of restaurants, conveniences, and Pelham Parkway 5 train! WHAT I LOVE about this property is the light, the views, the layout, the deck, the garden, the location, and its transformative potential.
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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 | $527,200 | $527,200 | $527,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.125% | 6.125% | 4.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.483% | 6.273% | 5.268% |
Monthly Tax Payment | $593 | $593 | $593 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,203 | $3,203 | $4,166 |
Total Monthly Payment | $3,888 | $3,888 | $4,851 |
* 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.