Discreetly tucked in the Berkshire Lakes enclave, this three-bedroom, two-bath, ground-floor condominium at Newcastle features an ideal floor plan with tile flooring throughout--no carpets! An end unit with newer hurricane shutters, there’s more natural light. The en-suite primary bedroom offers an ample walk-in closet. With quaint French doors enclosing the middle bedroom, one can tastefully convert to a den or office with pullout sofa for guests. A tiled lanai with a tropical privacy hedge overlooks a serene preserve area. The quiet, peaceful environment is one of many qualities residents tout. Covered parking just several feet from the front door, as well as close proximity to the mailbox make this unit super convenient. Enjoy a sparkling pool and outdoor screened salon at the center of the complex. And just a block or so away you’ll find the Berkshire Lakes Clubhouse with another pool, tennis courts, and activities schedule. Miles-long, shaded walking paths wind around the long-established collection of neighborhoods, cul-de-sacs, and magnificent lakes teeming with native wildlife. Less than a mile from home you’ll find Berkshire Commons where Publix and a host of other conveniences reside. The unbeatable location makes for a shrewd investment with I-75 less than five minutes away and 20 minutes or less from Naples’ exquisite beaches, Mercato, glamourous Fifth Avenue, and the town’s public and private colleges and universities. This is NOT a 55+ community. A tremendous value with no hurricane or flood damage!
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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 | $255,200 | $255,200 | $255,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.990% | 6.250% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.477% | 7.159% | 6.498% |
Monthly Tax Payment | $99 | $99 | $99 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,698 | $1,696 | $2,188 |
Total Monthly Payment | $1,872 | $1,870 | $2,362 |
* 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.