***ATTENTION- Seller is offering $10, 000 towards closing costs & prepaids or towards condo fees upon acceptable offer that closes by 12/31/24 *** Incredible 3-bedroom, 2-bathroom oceanfront condo w/ amazing views of the Atlantic Ocean w/in walking distance to some of the beaches top restaurants, shops, coffee cafes, hot spots & more! Enjoy the convenience of 1st floor living- walk right out to your ''backyard'' space for your family or your pet! It's an extension of your interior space & offers effortless access to the beach! Ocean 22 has some of lowest HOA's at the beach & the building impeccable maintained! This bright & airy condo was taken down to the studs in 2020 to open walls, create more living space, & truly give you the best of the beach lifestyle! You feel immediately at one with the sand & surf as you come home to your impressive abode boasting new kitchen w/ custom cabinets, stainless appliances, all renovated bathrooms, custom closets, all new plumbing, new windows shutters to the East, large, covered patio & green space right out back that feels like your own yard! Added bonus- when the automated hurricane shutters are in the down position, not only do they help keep your windows clean, but it allows you to keep your patio furniture in place instead of moving it inside during inclement weather &/or if this isn't your primary residence! No flooding ever- high & dry!
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Our Executive Mortgage Banker:
Our Insurance Division:
$998,000
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 Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $798,400 | $798,400 | $798,400 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.625% | 6.625% | 6.625% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.282% | 6.762% | 6.036% |
Monthly Tax Payment | $809 | $809 | $809 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $5,112 | $5,112 | $7,010 |
Total Monthly Payment | $6,013 | $6,013 | $7,911 |
* 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.