Check out the most amazing panoramic views of the Clearwater Beach skyline! The night views and evening sunsets are truly magical and remind you of how precious each day really is. Welcome to 31 Island Way Co-op, the best-kept secret in Island Estates! This spacious 2-bedroom, 2-bath home offers nearly 1, 300 square feet of living space, ready for you to remodel and make your own. This home is a great value, needing only basic cosmetic upgrades. Horizon House is special because nearly everything is included in the HOA fee, making it feel like you're living in a resort overlooking the water! Your HOA covers all utilities—electric, water, sewer, trash, laundry, cable, and Wi-Fi. Each unit comes with a private storage closet on the same floor, and every floor has its own free laundry facility. The building has recently upgraded amenities, including a new fitness facility, state-of-the-art security entrance system, upgraded AC systems, updated elevators and lobby flooring, a geothermal heated pool, on-site property management, concierge reception, a library, recreation center with free Wi-Fi, and boat slips available on a first-come, first-serve basis. Additional amenities with small fees include covered biking storage and covered parking. As a co-op, you receive stock certificates at closing rather than a deed, so all purchases must be cash, as the bylaws prohibit placing a lien against any unit. Other building amenities include a fishing pier, boat dock, shuffleboard, outdoor barbecue grills, fitness center, rec room, library, and a beautifully updated lobby with new windows and doors. The association is well-managed with full reserves. Additionally, the assessment from June to remove the water tank has been paid in full, offering added peace of mind. You can bike or stroll to nearby shops, restaurants, grocery stores, Clearwater Aquarium, and the famous sugary sands of Clearwater Beach.
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Our Executive Mortgage Banker:
Our Insurance Division:
$394,999
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 | $315,999 | $315,999 | $315,999 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.125% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.456% | 7.171% | 6.276% |
Monthly Tax Payment | $408 | $408 | $408 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $2,129 | $2,100 | $2,665 |
Total Monthly Payment | $2,612 | $2,583 | $3,148 |
* 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.