Lake view unit in 55+ community near Tarpon Springs and Gulf of Mexico. On the 1st floor 1, 114 SF heated area consists of 2 bedrooms, 2 bathrooms, kitchen and laundry. Additionally, there is a glass enclosed Four Seasons lanai of 156 SF and an outside shed where you can store things like bicycles, golf clubs etc. To the condo is assigned carport just a few steps from the entrance. The condo is not in a flood zone and the whole community has not been flooded ever!!! The valuable feature of this unit is a relaxing view on the lagoon fountain. There is a brand-new A/C. All furniture and washer and dryer are included in the price. This unit needs some LTC which is reflected in the asking price that is lower than its market value. HOA allows 2 pets up to 20 lbs. , doesn’t allow parking trucks, boats and motorcycles. The monthly maintenance fee covers building exterior, roof, water and sewer, trash removal, cable TV, Internet, landscaping maintenance, insurance of the structure and common elements (community clubhouse and heater pool). The condo can be leased after the purchase, minimum lease period 1 month. World famous beaches as Clearwater Beach of Honeymoon Island, golf courses and other attractions of Tampa and St. Petersburg, Tampa International Airport, are within an easy drive. The location, solid construction and the fact that there was no flooding are values you can hardly find.
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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 | $124,000 | $124,000 | $124,000 |
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 | 7.243% | 7.171% | 6.518% |
Monthly Tax Payment | $150 | $150 | $150 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $825 | $824 | $1,063 |
Total Monthly Payment | $1,050 | $1,049 | $1,288 |
* 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.