Located on one of the most coveted streets on the beach, this beautifully updated home is surrounded by oceanfront and ocean-view properties, offering a prime opportunity for coastal living or investment at a price point rarely seen under $1 million. Designed to maximize space, this home comfortably sleeps 11 with 4 bedrooms, including a non-conforming one. The updated kitchen and baths provide modern touches, while the living room’s warm wood cathedral ceiling adds a cozy, coastal vibe. The garage has been converted into a versatile TV room, perfect for relaxing after a day at the beach, and is adjacent to 3 downstairs bedrooms. Enjoy ocean breezes from the front and back porches with peek-a-boo ocean views, and consider the potential to add a pool in the spacious backyard. Just a short walk to beach walkovers, this property offers a true beachside lifestyle. With the popularity of short-term rentals in the area, this could also be an ideal investment opportunity. Seize this rare chance to own a slice of paradise on Atlantic View, where opportunities like this are few and far between! (Garage space is being utilized as living space, but can be converted back to garage. Roof is new))
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$970,000
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 | $776,000 | $776,000 | $776,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.750% | 6.500% | 6.500% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.606% | 6.622% | 6.680% |
Monthly Tax Payment | $110 | $110 | $110 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $5,033 | $4,905 | $6,760 |
Total Monthly Payment | $5,235 | $5,107 | $6,962 |
* 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.