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Priced to sell! Cut your mortgage payment in half! Also 2. 75% interest rate on an assumable loan! Charming 2 bed, 1 bath front home with a 1 bed, 1 bath ADU / mother in law suite above the garage in a Non evacuation, Non flood zone, in the heart of Historic Kenwood! This multifamily home has been beautifully remodeled with new siding, hurricane impact windows, fresh paint, and luxury vinyl floors. The cozy interior is complemented by a spacious, fenced in backyard with a paver patio, perfect for relaxing or entertaining. The front home has 784 sq ft featuring modern stainless steel appliances and a well-maintained AC system. This home offers both comfort and convenience. In a great and welcoming neighborhood, this home is ideal for those seeking a blend of modern updates and historic charm. Great opportunity for a house hack to live in 1 unit and rent the other unit to produce some rental income. The rental / ADU is 462 sq ft, currently occupied by a tenant on a month to month lease. Some upgrades include: House re-plumbed 2021, New stair case on apartment 2022, New dual zone mini split in apartment 2022, New hurricane windows, New insulation 2023, Completely remodel exterior, New gutters, New soffit, New fascia, New LVP in both units, Recently painted inside and out, Electrical redone in 2016, New Roofs in 2016, Granite counter tops, and Stainless steel appliances in both units. There is also a garage / storage area for plenty of storage and has washer and dryer.
Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
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Our Executive Mortgage Banker:
Our Insurance Division:
$522,990
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 | $418,392 | $418,392 | $418,392 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.500% | 6.875% | 5.875% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.058% | 7.025% | 6.132% |
Monthly Tax Payment | $410 | $410 | $410 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $2,645 | $2,749 | $3,502 |
Total Monthly Payment | $3,147 | $3,251 | $4,004 |
* 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.