This is a first floor 2 bedroom, 2 bath condo in Napoli off Davis Blvd, within 15 min drive to downtown Naples and beaches. The condo is in original condition and needs updating and renovation. The carpeting is stained and the interior needs painting. But all this is reflected in the price which is why this offering is the lowest condo in Napoli as of this date. The owner has written estimates for painting, new luxury vinyl flooring installed, quarter round, new kitchen for white shaker cabinets, quartz counters, new microwave, new sink, new bathroom vanities and vanity tops and sinks, all faucets, new towel bars. The estimates for these items totals 22, 484. Of course also get your own estimates from licensed companies for the products and colors you prefer. Napoli ARC needs to approve all work such as this. The HVAC system is 2. 5 years old. Napoli is a gated community and offers a nice clubhouse, a bocce court and tennis, large community pool, library, a billiards room, a fitness center, lounge area; located at the corner of Davis Blvd and County Barn Road in NaplesFL.
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William Raveis Mortgage, LLC
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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 | $217,600 | $217,600 | $217,600 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.990% | 6.250% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.477% | 7.159% | 6.498% |
Monthly Tax Payment | $163 | $163 | $163 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,448 | $1,446 | $1,866 |
Total Monthly Payment | $1,686 | $1,684 | $2,104 |
* 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.