Investment Opportunity with Great Potential! Located in a charming neighborhood known for solid property values, this 2-bedroom, 1-bath home is a diamond in the rough—perfect for investors or those looking to customize their dream primary residence, second home, or vacation rental. Nestled on an elevated lot with no flood insurance required and located to all the Bay Area's west coast has to provide, this home offers a unique opportunity to create something special. The interior boasts an open layout with the living room connected to the kitchen, providing a spacious and flexible design. The room sizes are generous, as is the shared bathroom with tub/shower combination. Enjoy beautiful weather in the lovely Florida room or relax on the screened patio, ideal for unwinding with a book or entertaining guests. The architecture of this home allows for abundant natural light, further adding to its cheerful and airy feel. Important Updates Needed: A New Roof is required, the Electrical System needs updating, and an HVAC installation is necessary (the house currently has a window unit). With a little TLC, this property could be transformed into a true gem! Don't miss the chance to invest in a home with “great bones” in a fantastic location. Reach out today to schedule a showing and explore the potential!
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$159,000
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 | $127,200 | $127,200 | $127,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.990% | 6.250% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.477% | 7.159% | 6.498% |
Monthly Tax Payment | $161 | $161 | $161 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $846 | $845 | $1,091 |
Total Monthly Payment | $1,082 | $1,081 | $1,327 |
* 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.