Fisherman's Wharf Coops West Babylon NY - 2 Bedroom Coop For Sale Fisherman's Wharf at Babylon - 152 Millard Avenue West Babylon NY
This two bedroom coop at Fisherman's Wharf West Babylon NY has been well cared for.
This coop is located in the beautiful courtyard section and has a private terrace. Since this unit is on the second floor, there is no one living above you!
The owners extended the kitchen floor to create an eat-in kitchen instead of having a galley kitchen.
Spacious living room, master bedroom and secondary bedroom.
Updated full bath too!
Pet friendly and there are no weight limitations. That is rare to find these days!
If you have children, they will go to the famed Babylon NY School District.
Interactive Map of Fisherman's Wharf at Babylon:
View Fisherman's Wharf Co-Ops West Babylon in a larger map
Two tennis courts
Clubhouse with pool table. You can rent the clubhouse for parties for a nominal fee.
On-site workout room
Three laundry rooms - One laundry room is a few doors down from this coop unit. Very convenient!
$985.87 - includes your share of property taxes, heat, management fees, property insurance, landscaping, exterior repairs, interior repairs behind the wall only (you are responsible for the walls outward from inside the unit), part of the property's underlying mortgage, water, garbage removal, pool maintenance, tennis courts, and clubhouse. You pay for your electric, cable and phone. Your maintenance fees are up to 65% deductible but please check with your tax professional regarding this.
Fisherman's Wharf Board Requirements:
Minimum down payment: 15%
3 to 1 debt-to-income ratio
Income requirements: $53,950 per year if you are taking a mortgage. $44,141 if you are not taking a mortgage.
Gross Annual Income must be 5-1/2 times the maintenance fee of $985.87
Board Application Process:
Application Fees: $400.00 (non-refundable) made payable to Total Community Mangement
$150.00 per applicant for a credit and background check made payable to the investigation company.
$600.00 application fee made payable to Fisherman's Wharf.
After the homeowner accepts your offer, you can start your mortgage process. Once you receive your mortgage commitment, then you can send in your application to Total Community Management. When they see you meet all of the requirements, your application will be passed on to the Board. You will then be contacted for a personal interview. Do not worry. The Board is a nice group of homeowners living at Fisherman's Wharf in West Babylon NY.
Once you are approved, you will go to closing in approximately 2 to 3 weeks.
Please call me today (631) 703-0201 to schedule a private showing before the Open House on October 8th, 2011.