ENJOY AWESOME OCEAN, RIVER & LIGHTHOUSE VIEWS FROM THIS IMMACULATE SOUTH EAST CORNER FULLY FURNISHED CONDO LOCATED ON THE SIXTH FLOOR OF OCEAN TERRACE CLUB LOCATED DIRECTLY ACROSS FROM THE BEACH ACCESS!! Enter the foyer and your eyes focus on the view of the azure Atlantic Ocean! The inviting living room is furnished comfortably and also has a pullout sofa bed. Prepare meals in the fully-equipped kitchen with newer appliances, ample storage & counter space and a convenient breakfast bar. The river view from the kitchen is spectacular! This spacious condo has two large bedrooms and two full bathrooms and shows beautifully! Both bedrooms boast ocean and river views and both bathrooms have been updated with new toilets, sink, fixtures and lighting. Sip your morning coffee while you see beautiful sunrises from your private balcony facing east with gorgeous ocean views. The west side exterior also has room for seating to watch amazing colorful sunsets!! Ocean Terrace Club is a well managed building that also allows WEEKLY RENTALS so an owner can maximize their income should they decide to rent it when they are away. The sparkling swimming pool is located on the south side of the building so it gets sun all day, which is great! This building has a secured entryway and convenient laundry rooms located on each floor. There are also tennis/pickleball courts and a community club room. Close to shopping, restaurants, entertainment and much more! Directly across from the beach access with the option of going to the “no drive” beach to the south or the driving beach to the north. Truly the best of both worlds! This fantastic condo makes a perfect primary residence, second home or investment opportunity! The maintenance fee includes high-speed Internet and basic cable TV in addition to water, sewer, trash, pest control and building insurance. Seller would like to stay until the end of March (if possible) and pay rent to the new buyer. Must see!!
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Our Executive Mortgage Banker:
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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 | $271,920 | $271,920 | $271,920 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.125% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.456% | 7.171% | 6.276% |
Monthly Tax Payment | $349 | $349 | $349 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,832 | $1,807 | $2,293 |
Total Monthly Payment | $2,256 | $2,231 | $2,717 |
* 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.