Rarely available Villas Milano, a luxury townhome condominium just a short stroll to the Gulf beaches or world class shopping and dining on either 5th Avenue South or Third Street South! This two story Villa is an end-unit with large private driveway and attached two car garage, set back from 2nd Avenue South, which is not a through street (quiet and private). The residence is nestled within beautiful foliage including mature Banyan trees and tropical palms. Found on the first floor is your living, dining, kitchen and family room. In addition there is attached two car garage with all kinds of built-in cabinet storage. The 2nd floor features three amazing bedrooms, each with it's own full bath, abundant storage, and wide plank wood flooring. The the spacious primary bedroom, features a large window seat overlooking the courtyard pool and lush tree top views. The ensuite bath has been redone with a stand alone tub, large shower with handmade glazed tiles, his and her vanities, and two walk-in closets. All the closets have wonderful storage systems. This residence is bright and cheery! Courtyard pool. Villas Milano has a newer roof and is located in the "X-500" flood zone. The building is elegant, yet understated. Exceptional lush landscaping. Located at the Southwest corner of 5th Street South and 2nd Avenue South, the front of the residence is accessed on 2nd Avenue South.
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Our Executive Mortgage Banker:
Our Insurance Division:
$2,875,000
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 Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $2,300,000 | $2,300,000 | $2,300,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.750% | 6.625% | 6.625% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.406% | 6.762% | 6.830% |
Monthly Tax Payment | $1,206 | $1,206 | $1,206 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $14,918 | $14,727 | $20,194 |
Total Monthly Payment | $16,249 | $16,058 | $21,525 |
* 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.