A $1, 000, 000 view for almost half the price! This updated 2 bedroom, 2 bathroom showplace has panoramic views stretching from Lakeside to Avondale, Riverside, the downtown skyline, Old Ortega, Ortega Forest and all the way back to Lakeshore. This floorplan at Ortega Yacht Club is the only one in the building that has a continuous balcony from one end of the dwelling space to the other and one of only three in the building that has not had a portion of the balcony enclosed. If you don't like the weather on one end of the balcony, walk to the other end and it may be different. . With the open floor plan and enormous balcony space, you can invite the entire family over and never have difficulty with traffic flow. Throwing a party will be a pleasure in this 9th floor oasis. The ample owner's suite has a private water closet, beautifully updated double vanity and walk-in shower. Off of the bathroom is an enormous walk-in designer closet big enough for all 4 seasons of clothing. The spacious guest bedroom is just across the hall from the nicely updated guest bathroom. The spacious living area has been further opened by removing a wall and relocating the pantry. The new kitchen has stainless appliances and granite counters, while maintaining the river view. Further freeing up space is a stacked washer/dryer and tankless water heater. The HVAC system is a water to air heat pump, fed by a common cooling tower and boiler. This system helps keep your monthly power bill in check. The monthly condo fee includes water, sewer, garbage collection and maintenance of pool, and grounds. All this gem needs is for you to join this laidback community and let your hair down! Listing Agents are happy to accompany your showing for a full tour of the facilities and grounds. One agent is an OYC resident. Please submit offer using the FARBAR "As Is" contract
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$649,000
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 Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $519,200 | $519,200 | $519,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.477% | 7.159% | 6.296% |
Monthly Tax Payment | $682 | $682 | $682 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,454 | $3,451 | $4,379 |
Total Monthly Payment | $4,228 | $4,225 | $5,153 |
* 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.