Investor’s dream or personal renovation project on Edgewood Ave! This 3-bedroom, 2-bathroom home is ripe for a fix and flip or a customized renovation for your own use. Roof is 2 years old. Located in a quiet area near the river pier and Downtown, this property features a pool and a separate pool house. The home includes a full-size kitchen, a laundry room, and two spacious living areas. With three bedrooms and the easy potential to convert one into a fourth, the layout is both versatile and spacious. Outside, there’s a single carport with a shed on one side and a paved driveway for two small cars on the other. Additionally, a versatile space off the pool area can be transformed into a small efficiency unit or a mother-in-law suite. The large lanai with a screened-in pool area offers great potential for enhancement. Unlock the potential of this property and create your ideal home or a profitable investment!
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Our Executive Mortgage Banker:
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$280,000
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 Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $224,000 | $224,000 | $224,000 |
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 | $318 | $318 | $318 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,361 | $1,361 | $1,770 |
Total Monthly Payment | $1,754 | $1,754 | $2,163 |
* 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.