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Larry Barasch, ABR, CRS, GRI

Coldwell Banker
Residential Brokerage
Babylon, New York
Licensed Real Estate Broker Associate
(Cell) 516-449-2222

(Office-Direct) 631-274-1955

Contact Me

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Sold for $150,000 Sold

219 Millard Avenue
West Babylon, NY 11704

1 bed, | Residential - MLS# 3019918
Property Photo
1/21

Sold

Sold for $150,000 on Jul 6, 2018

Description

Fisherman's Wharf Lakefront Co-Op Fisherman's Wharf Lakefront Co-Op # 219 Millard Avenue, West Babylon, NY. It is a 1 bedroom 1 bath 1st floor "A" size coop with a private 15 foot cedar balcony overlooking the lake and just steps from parking, laundry, pool, gym & clubhouse. The asking price is only $154,000 and the monthly maintenance is $763.38 which is approximately 67% tax deductible and includes all bills except for electric, phone, cable and a small insurance policy. Cats and most dogs are allowed. The unit is in good condition. It features low-maintenance ceramic tile flooring over plywood throughout the unit and fresh paint. The kitchen offers a stove, refrigerator and dishwasher, however the dishwasher is being sold "as-is" as functionality cannot be verified. There are also two built in A/C units. The bathroom and kitchen need a bit of lovin', but the coop is priced accordingly, and will allow you to put your own spin on it when you remodel it. Updated windows, vinyl siding, roof, conversion to gas heat, and PHIOS installed. This is also a gated community offering Babylon Village Schools and a short drive to Ba-bylon Village and the Babylon train station. This a 1 bedroom "A" size lower unit, with Andersen sliding doors from the bedroom out to the balcony, and approximate room sizes of: 15x11 bed-room with closet; 18x12 livingroom/dinette and an efficiency kitchen. Co-Op Board requirements: 15% down payment is minimum, and minimum income required is $ 50,383 if going for a mortgage, or $ 41,222 if no mortgage, plus no higher than a 3-to-1 debt-to-income ratio. (Total monthly payment for mortgage and maintenance combined would be about $ 1427 per month, assuming 15% down payment, 30 year mortgage at 4.5%.) not including PMI insurance, if applicable. Beats the heck out of renting or living in mom's basement! Co-Op application fees total $1050 for a single person or $1200 for a couple. The monthly maintenance can be reduced by about $100 per month by applying for the NY State STAR exemption, reducing the monthly payments even more!

Features

  • Basement: None
  • Condition: Good
  • Deck: Lakefront Balcony
  • Fireplace: No
  • Floor/Covering: Tile
  • Heating/Cooling: Gas HW-2 A/C''''s
  • List Date: 04/12/2018
  • Lot Size: -
  • Monthly Maintenance: $763.38
  • Pest: Most OK
  • Pool: Yes
  • School District: 1-Babylon Village
  • Sewers: Yes
  • Style: Co-Op
  • Type: Co-Op
  • Year Built: 1978

Larry Barasch, ABR, CRS, GRI
Licensed Associate Broker
Coldwell Banker Residential Brokerage

136 West Main Street
Babylon, NY 11702
Cell: 516-449-2222 
Office/Direct: 631-274-1955
Email: Larry.Barasch@cbmoves.com

Your Professional Long Island Realtor
Providing a superior level of informed, professional real estate services to buyers and sellers. I take pride in my hard work and dedication to my clients and customers, and it will be MY pleasure to make all of YOUR dreams come true! Selling Long Island co-ops, Long Island condos and Long Island homes every day.


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