Your memories will start here in this move-in ready furnished cottage at Chase's Ocean Grove. Located near the end of a dead end road, this house features a large wrap around deck with two separate outdoor sitting areas while offering an abundance of private outdoor living. The open concept interior gives the feeling of a very spacious living area along with two good sized bedrooms. The cottage also has an outdoor shower and a large shed with electricity and an additional refrigerator and enough space for a washer/dryer. The cottage was renovated in 2021 with new back decking, a new outdoor shower, new inside flooring, new ceilings, new lighting, and a completely renovated bathroom (stand up shower, vanity, and toilet) as well as freshly painted walls and kitchen cabinets. The refrigerator was new in 2023. Most furniture will convey, including the West Elm queen sleeper sofa and the outdoor furniture. The community is pet friendly and allows rentals. Chase's Ocean Grove is a leased land community and the cottages are sold by bill of sale. Cash transactions only. All sales are subject to the right of first refusal by the land owners.
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NMLS Mortgage Loan Originator ID 81725
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $191,920 | $191,920 | $191,920 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.375% | 7.125% | 6.125% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.474% | 7.282% | 6.412 |
Monthly Tax Payment | $0 | $0 | $0 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,326 | $1,293 | $1,633 |
Total Monthly Payment | $1,401 | $1,368 | $1,708 |
* 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.