Streamlined Condo Listing for 5650 A1A South, Unit C218, Saint Augustine, FL
Prime Investment Condo with Ocean Views!!
Explore this exceptional investment opportunity with this turn-key, fully furnished 2-bedroom, 2. 5-bathroom condo in Saint Augustine, FL. Covering 1, 350 square feet, this unit boasts three balconies offering serene ocean views, perfect for relaxation and entertainment.
The condo has undergone significant updates, including a new stove, dryer, ceiling fans, light fixtures, and garbage disposal. Enhanced safety features include new GFCI outlets in each bathroom, while the kitchen sports the latest appliances, including a recently installed refrigerator. Enjoy continual comfort with an HVAC system under a service agreement installed in 2019. The Island House community provides exclusive amenities such as a pool, clubhouse with games, and direct beach access, making it an ideal blend of leisure and convenience. Situated near historic downtown, the Amphitheater, and St. Augustine Beach, the location is prime for exploring local attractions. The HOA covers utilities like cable, sewer, trash, and water, ensuring a hassle-free living environment.
This property is a lucrative rental prospect, thanks to a minimal one-week rental policy and an on-site EV charging station. This condo at 5650 A1A South, Unit C218, built with a durable concrete block, offers both luxurious living and substantial income potential.
For more details, including a features sheet, seller's disclosure, and floor plan, please contact us. Dive into the vibrant lifestyle and investment benefits today!
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Our Executive Mortgage Banker:
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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 | $424,000 | $424,000 | $424,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.125% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.456% | 7.171% | 6.276% |
Monthly Tax Payment | $372 | $372 | $372 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $2,857 | $2,818 | $3,576 |
Total Monthly Payment | $3,321 | $3,282 | $4,040 |
* 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.