WOW Just Almost Totally Updated New Kitchen and Baths, New Flooring, New Paint in and Out, New Stainless Appliances, This is a perfect property for a Home/Business, Fronting on Hwy 46 LOCATION, LOCATION, LOCATION, DON'T MISS OUT ON THIS GREAT GROWING AREA IN BEAUTIFUL SORRENTO with HWY 46 FRONTAGE. The property is zoned CP which opens up a variety of possibilities including Vet clinic, plant nursery, bar or tavern, coffee shop, tea shop, carwash, etc. It was last used as a residential property and has been vacant for many years. The basement is also finished but full of mystery treasures. The tax roll shows it as a 2 bedroom, 1 bath; however, THE TAX ROLL DOES NOT INCLUDE THE FINISHED UPSTAIRS WITH A NEW BATHROOM AND THE FINISHED BASEMENT with a 1/2 Bath, MAKING THIS A 4 BEDROOM 2 1/2 BATH HOME. THERE ARE 13 NEW WINDOWS. a FULL SYSTEM OF CHANGE OUT CONDENSER AND AIR HANDLER WAS ALSO INSTALLED. THIS COULD BE A PRIME PIECE OF REAL ESTATE WHETHER FOR RESIDENTIAL OR BUSINESS USE IN THE GROWING CITY OF SORRENTO
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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 | $236,000 | $236,000 | $236,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.875% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.477% | 7.055% | 6.256% |
Monthly Tax Payment | $132 | $132 | $132 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,570 | $1,550 | $1,990 |
Total Monthly Payment | $1,777 | $1,757 | $2,197 |
* 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.