Under Construction. Luxury Waterfront Living at The Island Condo Community
Situated within the pristine surroundings of the Crystal River Preserve, this 2 bedroom, 2 bath, end unit condo offers direct access to the Gulf of Mexico via its private boat dock. Explore endless aquatic adventures or simply unwind against the backdrop of scenic waterways and lush landscapes. Enjoy the resort-style amenities of The Island community, including a clubhouse, tennis courts, and a community pool. Whether you're socializing with neighbors or indulging in outdoor recreation, these amenities enhance the lifestyle of leisure and relaxation. With its prime waterfront location and desirable amenities, this condo is an excellent investment opportunity for rentals. Capitalize on the high demand for vacation rentals in the area and generate passive income while providing guests with an unforgettable waterfront experience. This condo, currently under rehabilitation from Hurricane Idalia and Helene, presents a unique opportunity to restore it to its former glory. With sliding glass doors spanning across the back, the unit offers panoramic views and abundant natural light, creating an inviting atmosphere for residents and guests alike.
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Our Executive Mortgage Banker:
Our Insurance Division:
$265,000
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 | $212,000 | $212,000 | $212,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.875% | 6.875% | 5.875% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.191% | 7.042% | 6.160% |
Monthly Tax Payment | $288 | $288 | $288 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,393 | $1,393 | $1,775 |
Total Monthly Payment | $1,756 | $1,756 | $2,138 |
* 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.