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Charming summer rental on Franklin Avenue available from June 15 - September 15th. The newly renovated main house at 3318 Franklin Avenue features a brand new kitchen with new appliances, cabinets, and radiant heated floors, dining room, living room, and powder room. Upstairs are two bedrooms, renovated bathroom, plus a half bath in the primary bedroom. The contemporary guest studio, newly built in 2019, has a wall of sliding glass doors, a kitchenette, a full bathroom, and living room w/ Murphy bed. The backyard is fully landscaped with plenty of room for entertaining, play, and relaxing. One indoor garage space is available with two adjacent outdoor parking spaces. The rest of the garage and loft is an art studio that will be locked. Artist will not be in residence. Utilities billed to the tenant for summer usage. No pets. Photos are of the exterior of the main house and exteriors and interiors of the guest cottage. Due to the renovation, which should be completed by April 15th, we do not have interior photos of the main house but coming soon. 3318 Franklin Avenue is located in the heart of the Village of Millbrook. Steps away from restaurants, cafe's, coffee shops, and Millbrook shopping.
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Our Executive Mortgage Banker:
Our Insurance Division:
$7,500
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 347.223.0992
Sarah.DeFlorio@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 | $6,000 | $6,000 | $6,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.750% | 7.125% | 6.250% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.173% | 7.316% | 6.550% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $39 | $40 | $51 |
Total Monthly Payment | $114 | $115 | $126 |
* 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.