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Steeped in history, this prominent Pelham Heights Shingle Style home has been updated with a modern flair that lends a sophisticated elegance. Set on a ridge, the monumental wrap-around porch looks over the rooftops of Pelham’s prettiest neighborhood and elementary school. Gracious foyer leads to living room with three-quarter Chestnut paneling, sweeping bow window, and pocket doors opening to a family room. Formal dining room adjoins a bright, eat-in kitchen with banquette seating and open, distant views. An impressive staircase featuring mansion-size, stained glass windows leads to the second floor master bedroom with bow window, fireplace, and luxurious en suite bath with separate shower and soaking tub. Three further bedrooms—two with a Jack & Jill bath and one with a wall of windows and French doors to a balcony—plus a hall bathroom. The third floor has three more bedrooms and a full bath plus ample attic storage. A finished, walk-out lower level contains a playroom with outstanding light, a large rec space, storage, and garage. Built in 1905, this was the childhood home of the famous artist, Ethel Kremer Schwabacher, and was also the site where Pelham’s first Boy Scout troop (one of the first in the country) was formed in 1910. With its original windows, doors, hardware, and other details, 305 Pelhamdale ranks as one of the most architecturally and historically significant homes in Pelham. Located on an over-sized lot and off-the-chart walkability with Colonial Elementary School across the street, and just one block from middle and high schools and three blocks to train station and downtown shops and restaurants.
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Our Executive Mortgage Banker:
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$2,575,000
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 Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $2,060,000 | $2,060,000 | $2,060,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.500% | 6.625% | 6.125% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.614% | 6.727% | 6.309% |
Monthly Tax Payment | $4,645 | $4,645 | $4,645 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $11,696 | $13,190 | $17,523 |
Total Monthly Payment | $16,466 | $17,960 | $22,293 |
* 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.