In the heart of Olde Naples, Park Terrace Club -- Two bedroom condo with one full bath and a half bath. A second floor unit in an elevator building. The open floor plan for the dining and living area extends to the enclosed lanai. Crown molding and laminate flooring in living and dining room and bedrooms. The kitchen has a GE stainless appliance package; smoothtop cooktop, dishwasher, microwave and custom-sized fridge. And a new AC unit 2021. The unit comes with one assigned storage locker and one parking spot. Park Terrace Club has a pool and lounge deck. RENTAL 3 times / year 30-day minimum and 90-day maximum. Common Laundry on the same floor. A short stroll to the beach and 5th Avenue South with restaurants, shops, Sugden Community Theater and nearby Cambier Park with its world-class tennis club. Location is everything; west of US 41 (Tamiami Trail), you can walk and bike to Wynn's grocery, hardware store, NCH (North Collier Hospital) fitness center. Fantastic location and opportunity to stay for winter season.
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Our Executive Mortgage Banker:
Our Insurance Division:
$5,000
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 | $4,000 | $4,000 | $4,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.375% | 7.125% | 6.125% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.474% | 7.282% | 6.412 |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $28 | $27 | $34 |
Total Monthly Payment | $103 | $102 | $109 |
* 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.