Welcome to 503 Ocean Ave! Come see all this cute home has to offer! Totally renovated top to bottom in 2024! This gorgeous 2 bed 1 bath cottage is available to rent and ready for occupancy on January 1, 2025! Step inside to your open floor plan featuring a spacious living room with breathtaking ocean views, generous sized dining room, and gorgeous kitchen featuring quartz countertops, soft close cabinets, and all new stainless steel appliances. Kitchen is equipped with refrigerator, electric range, and microwave. Enjoy the benefits of a stackable washer and dryer on the main level, making laundry day that much easier! 1 bedroom on the main level, and the 2nd bedroom and full bath are upstairs, or choose to use the 1st floor bedroom as your office or rec room! Either way, enjoy stunning water views from both bedrooms! The home features a lovely front porch, perfect for early morning coffee & sunrise views, or an evening of relaxing while you watch the sunset! Equipped with 2 parking spaces. Do not miss the opportunity to rent 503 Ocean Ave! Currently tenant occupied. Ready for occupancy Jan 1 2025. Tenant is responsible for electric/heat/hot water/renters insurance/application. Owner handles snow & grounds. 2 parking spaces (1 space in between # 501 & 503, and the other space is in front of # 501 stairs) Owner owns all 3 homes in the shared driveway. # 503 is middle house. Use RentSpree, 1 month security deposit required. 1 indoor cat allowed, no dogs. $250 additional deposit required with the indoor cat. Blinds are custom to the windows and there is a ring doorbell in place for tenants use. Sqft is approx.
Type | Level |
---|---|
Bedroom 1 | Main |
Dining Room | Main |
Full Bath | Upper |
Kitchen | Main |
Living Room | Main |
Primary Bedroom | Upper |
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NMLS Mortgage Loan Originator ID 81725
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $1,920 | $1,920 | $1,920 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.250% | 6.990% | 6.250% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.582% | 7.171% | 6.518% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $13 | $13 | $16 |
Total Monthly Payment | $88 | $88 | $91 |
* 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.