Highly favored condo for sale on the second floor of the 500 building in Paradise Lakes. This studio is situated in a resort style environment that has been a popular retreat for more than 30 years. Pasco County known as the Nudist Capital of the World has attracted nudists for more than 8 decades. This studio condo was designed to be used as a short term rental or a place someone could live full time. It provides all the comforts you would expect from an extended stay vacation. The property is being sold furnished with a fully equipped kitchen that has a four burner stove and oven, overhead microwave, dishwasher and stand up refrigerator with freezer. Air conditioner and water heater replaced in 2023. Easy to manage ceramic tile flooring throughout. Bathroom has a shower with tub. Decorative bedroom furniture includes attached drawers, shelves, columns and a light bridge. Plus a full dresser with mirror. Sliding glass doors lead out to the screen enclosed patio that overlooks the pond and pickle ball courts. There is an elevator and two sets of stairs. A grilling area and picnic table for residences to enjoy is at the SE side of the 500 building close to the pond. Condo dues are $338. 00 a month which include basic cable and internet, maintenance of the exterior of the building, paving of the roads maintenance of the elevator and gate. With a paid membership to Paradise Lakes Resort residences can enjoy multiple heated pools and hot tubs including two water volleyball pools, a night club and restaurant, pool bar, pickle ball and much more. This community is close to shopping, hospitals, public golf courses, less than an hour to go fishing or boating on the Gulf of Mexico, and about 30 minutes to Tampa International Airport.
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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 | $111,920 | $111,920 | $111,920 |
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 | $106 | $106 | $106 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $745 | $735 | $944 |
Total Monthly Payment | $926 | $916 | $1,125 |
* 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.