MAJOR PRICE REDUCTION. FINAL & ALL ASSESSMENTS PAID! INVESTOR OR OWNER--THIS ONE MAKES SENSE AT THIS PRICE! Just look at the comps! Building #5 on the 6th floor of the Beach and Tennis Club. Currently the LOWEST PRICE unit for sale on 12/12/24. This CORNER unit has SPECTACULAR EASTERN VIEWS, overlooking the imperial river, a BRAND-NEW AC unit, an UPDATED KITCHEN with full length cabinets and new luxury vinyl flooring.
Situated on 15 acres, this is a special property that remains affordable while being DIRECTLY ACROSS from the beach and close to restaurants. Buy now at a discounted price and step into instant equity when the property is fully complete.
GREAT rental potential here with generous THREE-DAY MINIMUS— perfect for the full-time investor or the savvy owner occupant who wants to make money when away. The amenities are starting to reopen with laundry available, elevator online, pool to reopen this summer, and full updates to the community amenities by year-end. THE HARD WORK HAS BEEN DONE; potential for boat slips, pickleball, tennis courts all in the works!
If you love the beach and being close to restaurants, coupled with a flexible HOA, this unit is for you!
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William Raveis Real Estate
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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 | $239,200 | $239,200 | $239,200 |
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 | $44 | $44 | $44 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,612 | $1,590 | $2,017 |
Total Monthly Payment | $1,731 | $1,709 | $2,136 |
* 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.