PRICE REDUCED! The Seller is offering to contribute towards closing costs or a rate buydown with acceptable offer. Paradise Found! This is your beach home. A beautifully appointed newer move-in ready 2-story condo with 3 bedrooms and 2. 5 baths in a building with only 4 units. Five blocks to the beach! The monthly condo association fee is one of the lowest in the Beaches area and includes exterior insurance, lawn service and exterior maintenance. New everythiing in 2016. No pending assessments.
Come inside! The 1st floor features a large open floorplan perfect for day to day living or entertaining. The modern kitchen overlooking the dining and living room, all with wood look tile, offers ample counterspace, soft closing cabinetry and an oversized pantry. The private screened lanai off the kitchen is the perfect spot to enjoy your morning coffee or after dinner dessert. You would have use of the unit's backyard and the larger fenced in common area side yard at the south end of the complex.
On the 2nd floor, the spacious primary suite has room for a sitting area and includes a vaulted ceiling, recessed lighting, ceiling fan, and two large closets. Be amazed by your ensuite spa-like bathroom with dual sinks, large glass enclosed shower, and an oversized soaking tub.
The laundry room is conveniently located by the primary suite. Two secondary bedrooms with large closets provide plenty of room for family and guests. The guest rooms can be also be used as an office, gym and/or zen den.
The oversized 1 car garage with epoxy covered flooring and a climate-controlled storage closet provides so much room for bikes, boards, and beach equipment.
This condo is ideal as a full-time residence, vacation home, or investment property with a 30-day minimum/3 times a year maximum rental allowance.
Feel at ease leaving for a long vacation. Just lock the door and go. Relax and enjoy the ocean breezes in your new low maintenance home!
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William Raveis Real Estate
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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 | $480,000 | $480,000 | $480,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.477% | 7.159% | 6.296% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,193 | $3,190 | $4,048 |
Total Monthly Payment | $3,285 | $3,282 | $4,140 |
* 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.