This offering is located DIRECTLY Across the street from Madeira's Beach and a convenient Beach Access …. you’ll own one of the 20 units, in this intimate, two-story, Resort-Style, “short-term rental-friendly” condo community with a HEATED POOL. . . It makes a GREAT "Second HOME at the Beach", with Pride of Ownership evident and Unlimited Rental Potential to help pay for itself … It is also “Pet Friendly” (for owners only) … While you get to USE and ENJOY it, your guests can help pay some of the expenses for you when it is not in use by you and your family! … Just what you've been looking for! . . . you'll be just an easy walk to John Pass Village and LOTS of nearby restaurants and "watering holes"; even an oft-handy convenience store . . . a LARGE Publicly owned Beach-front Park is "Caddy Corner” and affords some nice Gulf VIEWS (and Breezes) and a Sunset Exposure from this SECOND FLOOR Condominium . . . very efficient use of space in this FULL 1 Bedroom condo with kitchen (which you and your guests will highly appreciate) . . . well maintained inside, with newer AC and appliances . . . The HEATED POOL, BBQ area, on-site laundry, Bike and Personal Items Storage, and MORE all combine to become your "Home Away from Home"- and your Guests' second home! The Sellers require a 3-day minimum rental (rules may allow shorter term rentals in a pinch) It's VERY EZ to rent HURRY on this one! Rental history info for the past two years is available upon request. . .
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Our Executive Mortgage Banker:
Our Insurance Division:
$329,900
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 | $263,920 | $263,920 | $263,920 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.875% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.425% | 7.146% | 6.276% |
Monthly Tax Payment | $204 | $204 | $204 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,734 | $1,754 | $2,226 |
Total Monthly Payment | $2,013 | $2,033 | $2,505 |
* 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.