Best price per square foot of updated space in Cypress Island! Welcome to this secluded neighborhood hidden away inside Cypress Island, Pelican Landings hidden GEM. Two bedrooms and loft, second floor condo on concrete block with stucco siding, one car garage. Located in Cypress Island-Pelican Landing. The Neighborhood is quiet and friendly. This comfortable and stylish condo has a large, tilled in 2021 lanai that overlooks 100 acre very private, northern exposure preserve with pine/palm trees and lake. The condo was completely renovated in 2021/2022 with upgraded LED lighting, five impact resistant, double-hung windows on south side (2023) and Storm Smart hurricane on lanai (2023). The layout is an appealing open floor plan. The completely remodeled kitchen includes white maple cabinets with large drawers, pullout shelves, quartz counters, tile backsplash, Whirlpool appliances, built-in desk with quartz top. The kitchen also includes a pantry and there is a secondary pantry/utility closet under the stairs to the loft. There is a large, open style, dining, living room area. The flooring throughout the kitchen, dining, living room areas is engineered wood. The two bedrooms and loft are carpeted. The master bedroom has French doors, queen size bed and dresser, large walk-in closet, sliders to the screened/covered lanai area. The master bath has maple wood cabinets, quartz counters, 18 inch tiling, glass door shower, and jacuzzi tub. The guest bedroom is located off the kitchen/dining area. The guest bath has maple wood cabinet, 18 inch tile, glass door shower. The loft has a large floor area with twin beds and two storage closets. The condo was built in 1994, Metal roof installed 2011. The air conditioning and heating units were installed in 2022. The electric hot water tank in 2023. The refrigerator/freezer in 2023. The Whirlpool dishwasher in 2024. The Cypress Island subdivision has a renovated (in 2023) pool with hot tub. Pelican Landing development amenities include gated security, community center, planned social activities, fitness center, 12 tennis courts, 6 pickle ball courts, bocci, canoe/layal park, marina with boat slips, children's play park, butterfly garden, 34 acre Gulf Island beach park with 2 pavilions serviced by Pelican Landing shuttle boats. This unit and the community are West of 41 and one of the most desirable communities along the Gulf of Mexico. Realtors please read remarks section. . . . .
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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 | $479,920 | $479,920 | $479,920 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.375% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.708% | 7.133% | 6.256% |
Monthly Tax Payment | $583 | $583 | $583 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,315 | $3,190 | $4,047 |
Total Monthly Payment | $3,990 | $3,865 | $4,722 |
* 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.