Take advantage of this wonderful opportunity to own this spacious 2nd floor, one bedroom one bath with a/c vented Florida room. The unit has laminate flooring throughout all the living areas, plantation shutters in the Florida room and a newer refrigerator. This unit also comes with one assigned parking spot. Just looking for the next owner to come and put their special touches on it and make it their own for personal use or a great investment opportunity. Conveniently located with a short walk to the main East clubhouse that houses the newly renovated fitness center, billiards room, library and numerous activities including singing clubs, dancing, woodworking, cards and much more. For your outdoor activities, the East clubhouse has tennis courts, Pickleball courts shuffleboard, and for those avid golfers there’s a
private 9- and 18-hole course to play as much as you want included in the monthly fees. OTOW is a very pet friendly community with a fenced in dog park on the West side clubhouse and there’s also the Good Karma Café conveniently providing fresh, baked meals and snacks daily!Schedule your appointment today to check out this fantastic deal on this lovely unit and all the community has to offer!
If financing, a 35% down payment is required. Please include the following language in the Additional Terms of the FAR/BAR “As Is” Residential Contract for Sale and Purchase: “The property is being transferred by a warranty leasehold estate deed. ”
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William Raveis Real Estate
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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 | $89,600 | $89,600 | $89,600 |
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 | $11 | $11 | $11 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $596 | $596 | $768 |
Total Monthly Payment | $682 | $682 | $854 |
* 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.