300 STEPS TO THE NAPLES PIER AND BEACH! This is your rare opportunity to own a condo in the perfect location in downtown Olde Naples. You are surrounded by multi-million dollar homes. The condo was just completely remodeled from the studs inward. Turnkey furnished with all one needs to move in. This property has a very nostalgic feel as it was built in the 1960’s and is located one block from Tommy Bahamas and 3rd St. S. It is truely 300 steps to the Pier. The location cannot be beat. It includes one assigned parking spot. The entire building has had numerous upgrades to include the hot water system, the AC/heating system, the pool and all equipment, and Summit Cable TV/Internet. All included in the condo fees. The owner pays for electric only. This condominium is perfect for rentals if you choose!
It is loved by everyone who discovers this unique quaint small condo project. This condo was completed at the end of February, with everything done very high end. EVERYTHIING is new down to 4 beach chairs, 2 umbrellas, cooler, beach wagon, umbrellas for rainy weather, generous amount of new linens, towels, fully equipt kitchen etc. No expense was spared. Coin operated laundry is located on second floor which the 36 units share. There is storage space allocated to this condo the laundry room. New larger storage area is underway due for completion approximately May or June. RARELY AVAILABLE as many of the owners are long time owners. Now is your chance to own your own condo in Olde Naples with the bonus of no prior residency requirements for rentals.
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William Raveis Real Estate
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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 | $796,000 | $796,000 | $796,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.125% | 6.875% | 6.750% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.838% | 7.002% | 6.915% |
Monthly Tax Payment | $138 | $138 | $138 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $5,363 | $5,229 | $7,044 |
Total Monthly Payment | $5,593 | $5,459 | $7,274 |
* 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.