Welcome to 6702 Almeda Avenue in the Somerville/Arverne section of The Rockaways. This cozy corner property has been gut renovated, structurally reinforced and is 100% move-in ready. The home boasts 3 bedrooms and 2 baths spanning almost 1000 SF. The first floor has a great layout. It consists of a spacious living room with a separate alcove dining room, brand new kitchen with stainless steel appliances, 3/4 bathroom, laundry closet and two bedrooms. On the second floor you'll find a beautiful master bedroom with its own en-suite bathroom. Along the exterior of the house you'll find a private garden with an outdoor shower for after those sandy days at the beach. Surf's up! Somerville is a hidden gem of a neighborhood. Compared to the rest of NYC it's an undervalued area with tremendous opportunity. One of the last places that you can buy a 3 bedroom, 2 bath home in this price range. The house is located one block to the bay where you'll find picturesque parks and wildlife sanctuaries. Just a couple of blocks in the other direction you find access to shopping, the Q22 and QM22 buses as well as the A train one block further. And last but not least, after that you'll find the biggest perk of living in The Rockaways, Rockaway Beach and boardwalk. Enjoy the best of both worlds living close to the bay and the beach. Interested in this beautiful, turn-key home? Don't hesitate to reach out for a private showing. See you soon!
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$549,000
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 | $439,200 | $439,200 | $439,200 |
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 | 7.563% | 7.159% | 6.276% |
Monthly Tax Payment | $115 | $115 | $115 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $2,922 | $2,919 | $3,704 |
Total Monthly Payment | $3,129 | $3,126 | $3,911 |
* 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.