120 S 2nd Street, Babylon (Lindenhurst), NY, 11757 | $649,999

Welcome to 120 S 2nd St, A spacious 4BR/2BA colonial nestled right in the heart of Lindenhurst Village!! A legal two family by CO, This property offers tremendous opportunity for both investors and owner occupants alike! Each unit offers its own unique space for its potential occupant. The first floor unit has two bedrooms, a large living/entertaining space with a wood burning fireplace, a large eat-in kitchen, full bathroom, and a mudroom that exits into the backyard. Included with that unit is a full unfinished basement that includes laundry and plenty of storage/space to get creative with. The 2nd floor also includes two bedrooms, a large living space boasting lots of natural light, full kitchen, full bathroom, and a full walk-up unfinished attic that can be converted to living space, an office, a playroom, an art studio, or much more with proper permitting. Two separate electric meters, gas meters, boilers, and hot water heaters makes splitting utilities easy! A long private driveway leads to your detached one car garage for additional storage/parking. A 50X100 lot gives you ample space for backyard entertaining. Let's talk about the location as you are walking distance into the village that includes countless restaurants, bars, breweries, shopping, cafe's, and much more. Steps away from LIRR for an easy commute. Close proximity to major parkways. Access to local town beaches & parks. Last but not least, LOW LOW LOW taxes of $10, 865. A property like this does not come around often so move fast before this one is gone!

Features

  • Town: Babylon
  • Rooms: 9
  • Bedrooms: 4
  • Baths: 2 full
  • Units: 2
  • Style: Colonial
  • Year Built: 1908
  • Garage: 1-car Detached
  • Heating: Natural Gas, Hot Water
  • Cooling: None
  • Basement: Bilco Door(s), Full, Unfinished
  • Approx Sq. Feet: 1,664
  • Acreage: 0.11
  • Est. Taxes: $10,865
  • Lot Desc: Near Public Transit
  • Middle School: Lindenhurst Middle School
  • High School: Lindenhurst Senior High School
  • School District: Lindenhurst
  • Appliances: Dryer, Oven, Refrigerator, Washer
  • MLS#: 3578899
  • Website: https://www.raveis.com
    /prop/3578899/120s2ndstreet_babylon_ny?source=qrflyer
Listing information has been assembled from various sources of varying degrees of reliability. Any information critical to the buying decision should be independently verified.Listing courtesy of Keller Williams Realty Elite   Phone: 516-795-6900

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Sarah AlvarezVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 1880936

347.223.0992

Sarah.Alvarez@Raveis.com

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120 S 2nd Street, Babylon (Lindenhurst), NY, 11757

$649,999

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Sarah Alvarez

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 $519,999 $519,999 $519,999
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 $905 $905 $905
H/O Insurance Payment $92 $92 $92
Initial Principal & Interest Pmt $3,160 $3,160 $4,109
Total Monthly Payment $4,157 $4,157 $5,106

* 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.