Nestled in the highly desirable Palms of Cortez gated community at the heart of Bradenton, this second-floor condo offers convenience and comfort. Featuring 2 bedrooms and 1 bathroom, the unit boasts vinyl plank flooring throughout the living space, creating a modern ambiance. Natural light fills the bright and open layout of this corner unit, complemented by a large screened patio perfect for relaxing outdoors. Enjoy the tranquility of this quiet neighborhood corner, with easy access to community amenities including a pool, fitness center, clubhouse, and tennis courts. HVAC was replaced in 2020. Located close to a community park and pool, and just a short drive from Anna Maria Island and Bradenton beaches, this property is ideal for both homeowners and investors alike. Currently tenant-occupied until March 2025, it presents a great opportunity for immediate rental income. Book your showing today- this one won't last long!
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William Raveis Real Estate
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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 | $160,000 | $160,000 | $160,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.875% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.551% | 7.042% | 6.160% |
Monthly Tax Payment | $224 | $224 | $224 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,064 | $1,051 | $1,349 |
Total Monthly Payment | $1,363 | $1,350 | $1,648 |
* 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.