Discover the opportunity to transform this spacious raised ranch into a profitable investment or the home of your dreams. This property, in need of significant repairs and updates, is brimming with potential and awaits a visionary new owner to bring it back to life. Home sits on a level lot in a charming neighborhood, and is perfectly positioned for those seeking both privacy and convenience. The layout is ideal for extended family living, with a fully accessible lower level featuring its own entrance to the attached two-car garage. While the lower level has suffered water damage and requires restoration, it offers ample space for customization, including an additional bedroom and a gutted bathroom ready to be rebuilt to your specifications. The main level includes three well-proportioned bedrooms, 1. 5 bathrooms, and a cozy living area complete with a wood-burning fireplace, and hardwood floors under carpet. A sunny three-season sunroom provides a peaceful retreat and overlooks the property, offering a wonderful space for relaxation. This home's excellent location is just minutes from the heart of Hyde Park, with easy access to the Hudson River, local shops, schools, and train stations, making it an ideal choice for commuters or those looking to enjoy the best of the area. Due to the extensive renovations required, this property is best suited for cash buyers or those utilizing renovation loans. If you're ready to invest your sweat equity and creativity, this home offers the chance to build value and create something truly special. Don't miss this rare opportunity to reimagine a property in a fantastic location. Appliances: Range BuildingAreaSource: Public Records, ConstructionDescription: Aluminum Siding,
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William Raveis Real Estate
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VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 347.223.0992
Sarah.Alvarez@Raveis.com
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 | $216,000 | $216,000 | $216,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.477% | 7.159% | 6.296% |
Monthly Tax Payment | $729 | $729 | $729 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,437 | $1,436 | $1,822 |
Total Monthly Payment | $2,241 | $2,240 | $2,626 |
* 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.