Fixer-Upper Opportunity: 4-Bedroom, 3-Bathroom Home with Pool – Endless Potential in High-End Neighborhood
Discover this diamond in the rough—a spacious 4-bedroom, 3-bathroom home with a pool, set in a high value neighborhood with luxury homes valued from $1. 3 million to $14. 5 million. With your neighboring properties valued at $4. 5 million, this parcel is a hidden gem with tremendous return on investment. With celebrity own real estate on your same road, the potential for value is unlimited.
This property was recently impacted by flooding, however by rebuilding this space on stilts or with a concrete first floor garage, it could significantly increase in value and sustainability. This is your chance to buy low, build and create a home with high asset potential!
This home is a rare find for those looking to renovate and build a custom dream home. With large rooms, high ceilings, and an open layout, the possibilities are endless. The living room is expansive, perfect for designing your ideal gathering space, while the formal dining room is a blank canvas awaiting your unique vision.
The kitchen provides a fantastic starting point for any renovation project, with ample room for opening up the space, adding new appliances, and upgrading cabinets and countertops.
The master suite is a spacious retreat, offering potential for a luxurious spa-like bathroom with some updating. The three additional bedrooms are also generously sized, ideal for family, guest rooms, or a home office.
Step outside to your private backyard oasis. The pool, with a little TLC, can be transformed into the perfect summer retreat. The patio area is ready to become an incredible space for BBQs, family gatherings, or relaxing by the pool. With a spacious yard, there’s plenty of room for landscaping upgrades to create a personalized outdoor living area.
Additional highlights include a two-car garage, laundry room, and ample storage throughout. While this home requires work, it presents an incredible opportunity for significant equity gain in an exclusive area.
Ideally located near shopping, dining, and top-rated schools, this property is perfect for investors or homeowners seeking to add value and create a custom dream home. Don’t miss this chance to bring this property back to life—schedule a tour today and start envisioning the possibilities!
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William Raveis Mortgage, LLC
Phone: 917.838.7300
Melissa.Cohn@raveis.com
NMLS Mortgage Loan Originator ID 16953
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $759,920 | $759,920 | $759,920 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.625% | 6.625% | 6.625% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.282% | 6.762% | 6.036% |
Monthly Tax Payment | $967 | $967 | $967 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $4,866 | $4,866 | $6,672 |
Total Monthly Payment | $5,925 | $5,925 | $7,731 |
* 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.