Looking for that Florida Home, Winter Home, or Investment property with an Elevator close to Disney and Central Florida's top attractions with a Water View off of your balcony? Well, let me introduce you to the Gated Community of Terrace Ridge Condominiums. As you enter this condo you will find a light, bright open floor plan greeted by a beautiful water view from every room. The living room and dining room open up into a large kitchen with a laundry room and pantry. Enjoying breakfast at your breakfast bar creates relaxing moments and great conversations with friends and family. Off of the kitchen you will find your own laundry room equipped with a washer and dryer and 2 extra storage closets for those items you do not need at the moment. Moving into the Primary Bedroom ensuite with new neutral carpeting, you will be amazed at the closet space this condo has. This condo has a walk-in closet and a 2nd closet which can be used as a Owners closet if you decide to rent this condo to generate revenue for yourself. Cross of the days you would like to spend in Florida in your condo and rent this condo out the rest of the year, or make this condo your full time residence. The Spacious Primary Bathroom is graced with 2 sinks, a large shower and a garden tub for those leisurely relaxing baths. Wake up each morning and enjoy the water view. The 2nd Bedroom is opposite side of the great room and identifies as a suite. It has a short hallway with lots of light and a bathroom with a tub/shower combo. In the center of these bedrooms is a large great room which is also light and bright with new carpeting. This open plan Great Room can also be a living room and dining room combo. In this great room is a counter top that can be used as a desk, office, storage or study/game table. Walking out the sliders you can enjoy those great Florida sunsets over the water while sipping on a beverage and relaxing with friends and family. The club house is another plus, pool, spa, game room, kitchen, exercise room is perfect for those days you just want to enjoy and have fun. Where can you find a 2 bedroom 2 Bath open floor plan condo, with a water view, elevator, pool, spa, clubhouse, game room, dog area, gated, etc. and at a great price!
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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 | $183,040 | $183,040 | $183,040 |
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 | 7.477% | 7.159% | 6.296% |
Monthly Tax Payment | $177 | $177 | $177 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,218 | $1,217 | $1,544 |
Total Monthly Payment | $1,470 | $1,469 | $1,796 |
* 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.