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If you’ve been saving for a down payment but Long Island’s average home cost of $601,000 and sky-high interest rates has you stuck at the curb, you’re in luck.
As long as you don’t go trying to have a family.
This 782-square-foot, one-bedroom house at 15 Engelke St. in North Patchogue has just hit the market at $289,900.
It was built in 1945 and aside from the bedroom, it also has a bathroom and living room.
But, it “Needs TLC” according to this listing by RE/MAX.
(Scroll down for photos.)
“Nestled in a tranquil neighborhood, this expanded ranch offers cozy living in a convenient location,” the listing reads. “Boasting one spacious bedroom and one bathroom, this home is perfect for individuals or couples seeking comfort and simplicity. Conveniently located near schools, parks, and shopping, this charming ranch offers the ideal blend of comfort and convenience for modern living. Needs TLC.”
There’s also a sprinkler system and a back deck, all on .14 acre.
With just 5% down and at an interest rate of 7.078, you’re looking at a 30-year mortgage payment of $1,840.99 per month, plus insurances and property taxes.
RE/MAX lists the annual taxes at $3,932, or about $327 per month.
If that sounds like a lot, consider one-bedroom average rents in Suffolk County hit $2,500 this March — as Greater Long Island has previously reported.
According to Zillow property records, the home last sold for $96,000 in March of 2001
Photo Credits: OneKey MLS
