Experience coastal living at its finest with this direct oceanfront condo, with minimum 7-day rentals! This unit has generated huge profits in rentals. Also with an assumable loan at 5. 26%. This 2-bedroom, 2-bathroom gem features a modern open kitchen with stainless steel appliances, ample counter space, and a dedicated dining area. The expansive living room, adorned with sleek porcelain tile flooring, is perfect for relaxation or entertaining. Both bathrooms boast walk-in showers, and the unit includes a convenient laundry room with extra storage. The primary bedroom offers dual closets and private access to a large balcony, ideal for enjoying breathtaking ocean views. Tastefully decorated with beach-inspired furnishings, this condo is move-in ready. The building has recently undergone multi-million dollar renovations, including concrete restoration, fresh paint, upgraded elevators, and new pool and sauna pavers. Enjoy the luxury of an assigned underground parking space, surface parking, an oceanfront community pool and hot tub, two saunas, a clubroom with a full kitchen, and a fitness center. Free Wi-Fi is available throughout the building. Please note, this is a pet-free property.
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Our Executive Mortgage Banker:
Our Insurance Division:
$470,000
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 | $376,000 | $376,000 | $376,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.875% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.425% | 7.146% | 6.276% |
Monthly Tax Payment | $371 | $371 | $371 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $2,470 | $2,499 | $3,171 |
Total Monthly Payment | $2,916 | $2,945 | $3,617 |
* 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.