What's to love about this opportunity? A corner lot, with a canal in the backyard, and set in a peaceful 55+ resort style resident-owned cooperative. The space is ready for your vision of retirement or as a seasonal home in Florida. Love to kayak? Steps to the canal, with space for a floating dock. The home needs to be removed to bring in a new one. New homes only, and 16' single wides or 24' doublewides are allowed with cooperative board approval. The share/lot value is $120, 000, so the seller is asking for little more than the share value in the Co-op, but is also motivated to sell. Caribbean Isles has been called the 'hidden gem of Apollo Beach'. The monthly maintenance fee is $242 (NO LOT RENT), and covers the amenities including a heated pool, clubhouse with library, game room, craft room and a full kitchen where community meals are often prepared. Social events occur year around including dances with live music, bingo, coffee and donuts on Thursdays, an annual talent show, and out-of-park activities coordinated by the residents. The monthly fee also covers maintenance of the gates, roads, lagoon park, dog park. professional management and replacement reserves.
Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
Our family of companies offer our clients a new level of full-service real estate. We shall:
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Our Executive Mortgage Banker:
Our Insurance Division:
$125,000
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 | $100,000 | $100,000 | $100,000 |
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 | $49 | $49 | $49 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $674 | $665 | $843 |
Total Monthly Payment | $798 | $789 | $967 |
* 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.