5055 Oak Hill Lane, #221, Delray Beach, FL, 33484 | $319,500

DON'T MISS THIS BELOW MARKET VALUE. Here's Your Affordable Winter Escape or Rental Property. Updated, Lake & Golf views, Second Floor, 55+, 2 Bedroom Corner Condo with a Den, Vaulted Ceilings & Open Living-Dining rooms. Tile Floors Through out, Partially furnished, A Large Screened & Two Open, Balconies. Excellent location proximate to both Boca Raton & Delray Beach Shopping & Entertainment. Beaches 5 miles, minutes to PBI Airport. Boca Delray Golf & Country Club, is a Non-equity, pet friendly 24/7 manned-gated Active Adult community. Its built around 12 lakes, and a challenging Par 60, 18-hole executive golf course w/a soon to be remodeled clubhouse. Five Har-Tru Tennis & Pickleball courts, Fitness Center, Bocce Ball, Billiards, Cafe, Planned Events; Bingo, Cards, Clubs & Entertainment.

Features

  • Parking: Assigned,Guest,Vehicle Restrictions
  • Heating: Central,Electric,Heat Strip
  • Cooling: Ceiling Fan,Central,Humidistat
  • Levels: 2
  • Amenities: Billiards,Bocce Ball,Cafe/Restaurant,Clubhouse,Fitness Center,Golf Course,Internet Included,Library,Manager on Site,Pickleball,Pool,Putting Green,Spa-Hot Tub,Tennis
  • Bedrooms: 3
  • Baths: 2 full
  • Complex: BOCA DELRAY I-III CONDO S FILED IN OR3857P483,4
  • Development: Boca Delray
  • Year Built: 1984
  • Common Charge: $1,000
  • Approx Sq. Feet: 1,597
  • Est. Taxes: $3,563
  • Lot Desc: Golf Front,Paved Road,Private Road,Treed Lot,West of US-1
  • View: Golf,Pond
  • Adult Communities: Yes
  • Water Front: Yes
  • Pet Policy: Restricted
  • MLS#: RX-11001670
  • Buyer Broker Compensation: 2.50%
  • Website: https://www.raveis.com
    /raveis/RX-11001670/5055oakhilllane_delraybeach_fl?source=qrflyer
All listings featuring the BMLS logo are provided by BeachesMLS Inc. This information is not verified for authenticity or accuracy and is not guaranteed.

William Raveis Family of Services

Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.

Team RECASales Associates

561.299.6249

TeamRECA@Raveis.com

Our family of companies offer our clients a new level of full-service real estate. We shall:

  • Market your home to realize a quick sale at the best possible price
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To learn more about our credentials, visit raveis.com today.

Melissa CohnRVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 16953

917.838.7300

Melissa.Cohn@raveis.com

Our Executive Mortgage Banker:

  • Is available to meet with you in our office, your home or office, evenings or weekends
  • Offers you pre-approval in minutes!
  • Provides a guaranteed closing date that meets your needs
  • Has access to hundreds of loan programs, all at competitive rates
  • Is in constant contact with a full processing, underwriting, and closing staff to ensure an efficient transaction

Yokadi MejiaInsurance Sales Director, William Raveis Insurance

561.335.7966

Yokadi.Mejia@raveis.com

Our Insurance Division:

  • Will Provide a home insurance quote within 24 hours
  • Offers full-service coverage such as Homeowner's, Auto, Life, Renter's, Flood and Valuable Items
  • Partners with major insurance companies including Chubb, Kemper Unitrin, The Hartford, Progressive,
    Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable

5055 Oak Hill Lane, #221, Delray Beach, FL, 33484

$319,500

Team RECA

Sales Associates

William Raveis Real Estate

Phone: 561.299.6249

TeamRECA@Raveis.com

Melissa Cohn

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 $255,600 $255,600 $255,600
Term 360 months 360 months 180 months
Initial Interest Rate** 7.250% 6.990% 6.250%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 7.582% 7.159% 6.518%
Monthly Tax Payment $297 $297 $297
H/O Insurance Payment $75 $75 $75
Initial Principal & Interest Pmt $1,744 $1,699 $2,192
Total Monthly Payment $2,116 $2,071 $2,564

* 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.