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*****Sold In 72 days!!!*****

Fisherman's Wharf Co-Op For Sale
183 Millard Avenue - West Babylon NY

*****Sold For $173,000*****

1 bedroom, well-loved co-op in Fisherman's Wharf has a private front entrance and private patio with a beautiful view of the courtyard!


The eat-in kitchen is updated with stainless steel/black appliances including a built-in microwave. Beautiful counter tops and cabinetry!


The large livingroom has Karastan carpeting as well as in the hallway and bedroom.


Updated full bath with an extra cabinet for more storage!


The homeowner has gone to great lengths to keep their home in top shape! Nothing to do but literally unpack and call it your own!

Call me today (631)703-0201 to schedule a private showing!


 

 


View Fisherman's Wharf Co-Ops West Babylon in a larger map

Amenities:
In-ground community pool
Two tennis courts
Clubhouse with pool table. You can rent the space upstairs in the clubhouse for parties for a nominal fee. You will get an electronic card to gain access. There is also a gym area.
Three laundry rooms. One of them is directly across from this unit. Very convenient!

Schools: Babylon School District

Maintenance Fee: $817.43 (includes your share of property taxes, heat, management fees, property insurance, landscaping, exterior repairs, some interior repairs like the electric wiring and plumbing that are inside the walls, sewer,part of the property's underlying mortgage, water, garbage removal, pool, tennis courts, and clubhouse.

Your maintenance fees are up to 65% deductible and please consult your tax professional regarding this. It does depend upon your tax bracket, etc.

You pay for your electric, phone and cable.

Fisherman's Wharf Board Requirements:

  • Minimum down payment: 15%
  • A 3-To-1 debt to income ratio.
  • Income Requirements: $53,950 per year if you are taking a mortgage.
  • $44,141 if no mortgage.
  • Gross annual income must be at least 5-1/2 times the annual maintenance fee.


After the homeowner accepts your offer you go to contract. Then you start the mortgage process. It will take about 2 to 4 weeks or more to get your mortgage commitment. Once that happens then you send in your application to Total Community Management (management company for Fisherman's Wharf).

Application Fees: $400.00 (non-refundable) to Total Community Management.

$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.

When Total Community Management sees you have met the minimum requirements, your application will be sent to the Fisherman's Wharf Board. You will then be contacted for a personal interview. This is a one-time interview.

Once you are approved, then closing will take place approximately 3 weeks later. Sometimes less, sometimes more.

If you do not meet the financial/income/credit minimums, you will be denied. It's better to know in the beginning that you meet the requirements so that we do not waste your time and everyone else's time.