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Welcome to this freshly remodeled 2 bedroom, 1 and a half bath townhouse on the Palma Sola causeway just E of the beautiful Anna Maria Island area. This furnished townhome is located in a 5 building complex which sits on a canal with direct access to the intercoastal waterway which takes you to the Island beaches and the surrounding fisherman's paradise in and near Tampa Bay. Each townhome has its own boat slip which will accommodate up to a 25' boat. It is a short walk to the beaches on the causeway or a leisurely bike ride to Anna Maria Island. The unit is currently owned by a local contractor who has completely remodeled the entire unit. The cast iron plumbing was replaced below the concrete slab and inside the block walls before the new wood cabinets / granite countertops and flooring were installed in the kitchen . All electrical and HVAC have also been recently upgraded along with new impact resistant doors and windows that overlook the pool in the courtyard. New vinyl plank flooring has been installed throughout the first floor and there is new carpeting throughout the entire 2nd floor. New lighting and ceiling fans have been installed throughout the entire unit and new insulation was added to the attic. The townhome's HOA recently had the roofs replaced with metal, all buildings have been repainted and new vinyl fencing has been installed so all are looking like new and this unit now qualifies for an insurance credit since it will pass a wind mitigation inspection due to the new roof and the impact doors / windows that were added. The HOA fees include cable, internet, sewer, trash, lawn maintenance, pest control and bicycle storage. Robinson Preserve is located across the street which offers an abundance of biking, hiking and kayak trails. The unit is currently being used as a short term rental unit with a 7 day minimum rental and already has bookings in Oct. through Feb and part of March for any potential investors that might be interested.
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Our Executive Mortgage Banker:
Our Insurance Division:
$399,900
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 | $319,920 | $319,920 | $319,920 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.125% | 6.990% | 6.250% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.867% | 7.159% | 6.538% |
Monthly Tax Payment | $233 | $233 | $233 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $2,155 | $2,126 | $2,743 |
Total Monthly Payment | $2,462 | $2,433 | $3,050 |
* 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.