Large 'D' Size 1 bedroom 2nd floor Co-Op Priced to sell quickly $ 155,000 ! Just listed for sale today: # 158 Millard Avenue, West Babylon, NY. It is a 1 bedroom 1 bath 2nd floor unit, with a private covered cedar balcony and just steps from parking and laundry. The asking price is only $ 155,000 and the monthly maintenance is $ 929.05 which is approximately 67% tax deductible and includes all bills except for electric, phone, cable & a small insurance policy. Most dogs, & cats are allowed. The unit is in relatively poor condition and really needs an extensive kitchen renovation including appliances, cabinets, counters, etc; a complete bathroom; flooring, paint, doors and a/c units. The last 3 identical units in nicer cosmetic condition sold for $ 195,000; $ 202,000; and $ 212,500. This unit is priced accordingly and will allow you to renovate to your taste. As it is an estate sale, it is sold strictly 'as-is' with no warranties, guarantees and/or representations as to whether anything inside in functional. The complex features updated windows, roof, siding, gas heat & FIOS and is a gated community offering a community pool, gym, clubhouse, 2 tennis courts and three on-site laundry rooms. This a 1 bedroom 'D' 2nd floor unit, with room approximate sizes of: 15x11 bedroom; 18x13 livingroom; 15x8 diningroom with sliders to balcony; 8x8 kitchen and a full bath. Please remember: Co-Op Board requirements: 15% down payment is minimum, and minimum income required is $ 61,317 if you're taking out a mortgage, or $ 50,169 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 $ 1521 per month (not including possible PMI insurance), assuming 15% down payment, 30 year mortgage at 3.5%.) Beats the heck out of renting or living in mom's basement! The New York State STAR tax exemption should reduce your monthly maintenance by about $100/month later on. Application fees would be $850. Directions: Sunrise Highway to Route 109 East. When South of Sunrise Highway continue about 2 miles to an intersection 5 traffic lights south of Sunrise where West Babylon High School is on your right, Speedway Gas Station is in front of you, and Dunkin' Donuts is on your left. Turn left onto Millard Avenue after Dunkin' Donuts. Once you pass the gates and get into the development, turn left, drive around the corner about half way down, and you'll see #158 on your right..
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