Welcome to the wonderful City of Punta Gorda. This Colony Point Condo is 1581 sq. ft. with 2 large bedrooms and 2 full size bathrooms with stand up showers. It literally has that MILLION DOLLAR VIEW that you are always looking for. This association has been fully funded, with full reserves and no assessment left to deal with. The entire outside is being repainted as we speak, and all the water side landscaping is being completely redone as well. This unit is vacant and could close in as little as 2 weeks. As you browse through the pictures, please note that I have tried to show the original pictures with furniture in the room, and then the next picture is of the unit empty with a new painted soft gray color. This unit has hurricane rated windows and roll down hurricane shutters that are shown in some of the pictures. The kitchen has stainless steel appliances and solid wood cabinets finished off with granite counter tops. Large format ceramic tile is in all rooms except for the 2 bedrooms that has laminate flooring. The community is one of the best with a great clubhouse and pool area right on the water. You have boat docks on site as they become available, and a place to put the kayaks in the water for a small fee. A designated covered carport parking spot is nearby and plenty of guest parking as well. 2 staircases and elevators for each building as this association thought of everything when they designed this layout. The entire parking area is finished off with brick pavers. This association is on one of the most iconic and desired points in all of Punta Gorda and Charlotte Harbor where the views are just to good to believe. Manatees and dolphins are your daily treasure to watch right out your windows and you will fall asleep watching the birds dive down for a quick snack. Downtown Punta is just minutes away with all the different dining options and cuisines to choose from. From fine dining to sport bars and pubs, downtown has it all. A miles long walking path along the Charlotte Harbor is a great way to stretch the legs and take the family pet for a walk. 2 dog parks downtown, a huge playground and PICKLEBALL mania everywhere. The newer pickleplex has leagues and tournaments all the time. There are 8 golf courses within 20 minutes and plenty of places to put a waverunner or boat in the water. Plus, you could just become a Freedom Boat Club member and the marina is right in town. Entertainment downtown is great, and there are so many iconic places to visit and read about. The Saturday morning farmers market is always a family favorite with not only fruit and vegetables on sale, but so many interesting and different vendors selling so many fascinating and different items. So hurry now to see why Punta Gorda and condo association could be your next home!
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5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $319,920 | $319,920 | $319,920 |
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 | $312 | $312 | $312 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $2,128 | $2,126 | $2,698 |
Total Monthly Payment | $2,515 | $2,513 | $3,085 |
* 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.