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Step into timeless elegance with this classic 1920 three-story Colonial, set on a spacious 50x100 corner lot in the desirable North side of College Point. . This property is zoned R3A, which allows to build a large 2 family home on a 5000 Square foot lot. GREAT FOR INVESTORS. This property is located on wide, tree-lined streets just blocks from a scenic waterfront park, this well-appointed home combines historical charm with everyday functionality. The first floor welcomes you with a large eat-in kitchen with an alcove dining area, a full bathroom, a formal dining room ideal for entertaining, and a spacious living room featuring a cozy wood-burning fireplace. The second floor offers three comfortable bedrooms and a well-maintained full bathroom. A standout feature is the walk-up third floor, boasting high ceilings and spanning the full 20x42 building size—perfect as a guest suite, office, or future expansion space. The full basement provides ample storage, a laundry area, and a dedicated mechanical room. This charming Colonial sits on a prominent corner lot offering both curb appeal and potential, just minutes from public transportation, shopping, and dining. A rare opportunity to own a gracious home in a peaceful, well-connected neighborhood.
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Our Executive Mortgage Banker:
Our Insurance Division:
$1,128,000
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 | $902,400 | $902,400 | $902,400 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.625% | 6.750% | 6.125% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.663% | 6.865% | 6.309% |
Monthly Tax Payment | $568 | $568 | $568 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $5,195 | $5,853 | $7,676 |
Total Monthly Payment | $5,888 | $6,546 | $8,369 |
* 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.