Huge 50k Price drop! Downtown Home limited only by your dreams. This house has everything you want. Classic Historic Kenwood location with amazing house that is a large 3/2 but also has a mother-in-law, a 2 bedroom cottage, a shed and a 2 car garage all for under $1M! So, let's translate this: No Condo Association, No Condo Fees, No Nosy Neighbors, No flood insurance, lots of parking, you choose your pet, your own office, room for your guests and family, apartments that can provide cashflow and a great yard with tons of possibilities. If you like it's also zoned NTM-1, that's right you have alot of flexibility on what you want to build. What would you be missing? If you don't move on an offer now, you would be missing out on this property! House is vacant, market rent is: $2600. Apartments are rented for $1300/month times 2. Apartments can be viewed once a signed qualified offer is received, we don't want to burden your future tenants. Developer? Yes, we can talk about your desire to build some amazing homes on this property!
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$899,999
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 Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $719,999 | $719,999 | $719,999 |
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 | $714 | $714 | $714 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $4,610 | $4,610 | $6,322 |
Total Monthly Payment | $5,416 | $5,416 | $7,128 |
* 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.