Upon entering this charming coastal retreat you'll be welcomed by beautiful ocean views and a fully renovated interior. The main living area has large 18' floor to ceiling sliders which maximize ocean and tropical resort views of the property. This condo located at The Pelican has undergone a complete renovation with features such as quartz countertops, board & batten wainscoting, shaker style cabinets, crown molding, plantation shutters, wood-look tile floors, and refinished ceilings. A/C replaced in Sept 2023. The master bath / closet were redesigned to accommodate more counter space and a walk-in shower. Unit has insulated wind rated / impact doors / windows. This condo is spacious and turn-key with no expense spared / no surface left untouched. All you'll need to bring is your toothbrush and bathing suit and head to the beach! MAJOR 3 YEAR BUILIDNG RENOVATION / NEW ROOF PROJECT COMPLETED JULY 2022 (including concrete restoration / new roof / new railings / deck coatings / pool furniture / and paint). The Pelican has the reputation of being one of the best managed properties in New Smyrna. Their well-managed HOA on top of a strong on-site property management & rental office make this condo a great investment. Property has a tropical resort-like feel w/amenities including clubhouse, two oceanfront pools (one heated seasonably), shuffleboard, and gas grills. Centrally located - walk or ride your bike to Flagler Ave!!! Larger dogs welcome! All information is assumed accurate but not guaranteed. Buyers and agents are advised to verify facts important to them.
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Our Executive Mortgage Banker:
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$775,000
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 | $620,000 | $620,000 | $620,000 |
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 | 7.352% | 7.042% | 6.160% |
Monthly Tax Payment | $725 | $725 | $725 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $4,073 | $4,073 | $5,190 |
Total Monthly Payment | $4,890 | $4,890 | $6,007 |
* 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.