This purchase may qualify for a 5. 625% 30-year fixed loan for first-time buyers!
This spacious and serene two-bedroom has a house-like layout and loads of prewar charm. Enter into an oversized foyer that could be a gracious formal entryway or a large home office area. From there, pass through a graceful, wide arch to an expansive living room that has recessed lighting. To the left, step up to a wonderful elevated dining area that leads to a tasteful, modern, windowed kitchen equipped with quartz countertops, an undermount sink, under-cabinet lighting and lots of counter and storage space. There is a large, convenient pantry adjacent to the dining area. The open plan living/dining concept with elevated dining lends a open, airy feeling while retaining distinct and separate areas for each.
Another pretty arch off the foyer leads to a hallway, off of which are the bedrooms and bathroom. The large primary bedroom has three windows and two exposures, and a huge walk-in closet. The location of the closet makes the addition of a second bathroom possible (with board approval). Quaint Victorian homes across the way, along with beautiful trees, provide a classic Ditmas Park view. The large and pleasant second bedroom has a deep closet, and the windowed bathroom has both a bathtub and a separate shower stall.
This home boasts so many great features: medium-brown, walnut-stained hardwood floors, prewar details such as arched entryways and a lovely arched shelved inset, crown moldings throughout, skim-coated walls, five big closets plus a deep pantry closet, and top-down/bottom-up blinds that lend both privacy and light.
An art deco co-op building, 1825 Foster Avenue is cat friendly and well maintained. Amenities include an elevator, a live-in super, an evening doorman, bike storage, a laundry room, a community room which has a play area and a small gym, and a common garden. Close to the B and Q trains and the many shops, restaurants, and cafes of Newkirk Avenue and Foster Avenue including Coffee Mob, Milk and Honey, Wattli, Westwood, and Rusty Nail. A short distance from Cortelyou Road amenities and year-round farmer's market, as well as Prospect Park.
There is temporary monthly assessment of $191. 61.
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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 | $599,200 | $599,200 | $599,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.250% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.655% | 7.146% | 6.276% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $4,088 | $3,982 | $5,053 |
Total Monthly Payment | $4,180 | $4,074 | $5,145 |
* 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.