MUST SEE !! Welcome to your next vacation investment at the hidden gem of the ORMONDY. Short term Rental stays allowing 1 tenancy/week for a turnkey opportunity to optimize your purchase. This 2 bedroom, 2 bath oceanfront condo is located directly on the No Drive Beach in Ormond Beach, Florida. A short drive from Orlando it is no wonder Ormond is becoming the NEXT HOTSPOT and beach destination. With its breathtaking ocean views and amenities, this condo is perfect for anyone looking to escape the hustle and bustle of daily life. As you step inside, you'll be greeted by a newly renovated open and inviting living area that seamlessly blends indoor and outdoor living. The living room features plush furnishings and large windows that allow for ample natural light and stunning ocean views. The spacious kitchen is fully equipped with stainless steel appliances and all utensils needed to whip up a nice meal. Both bedrooms are spacious and thoughtfully decorated, providing a relaxing retreat after a long day of exploring the Beachside area. The master bedroom features a king-size bed and an ensuite bathroom with a walk-in shower. The second bedroom offers two full-size beds and easy access to the adjacent full bathroom. Whether you're looking to soak up the sun on the beach or relax on the private balcony with a cold drink in hand, this condo has something for everyone. You'll love waking up to the sound of waves crashing on the shore and taking in the breathtaking sunrises and sunsets from the comfort of your own home. Other notable amenities of this condo include an in unit full size washer and dryer, community fitness room, heated pool, penthouse living clubhouse, and shuffleboard courts. With its prime location on the No Drive Beach in Ormond Beach, you'll be just steps away from some of the area's restaurants, shops, and attractions. Don't miss out on the opportunity !!
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Our Executive Mortgage Banker:
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$587,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
RVP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 917.838.7300
Melissa.Cohn@raveis.com
NMLS Mortgage Loan Originator ID 16953
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $469,600 | $469,600 | $469,600 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.551% | 7.159% | 6.276% |
Monthly Tax Payment | $422 | $422 | $422 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,124 | $3,121 | $3,960 |
Total Monthly Payment | $3,638 | $3,635 | $4,474 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change. The Total Monthly Payment does not include the estimated HOA/Common Charge payment.