Experience the charm of this well-maintained second-floor condo in the desirable Royal Wood Golf and Country Club at Cranbrook Colony. This spacious 2-bedroom, 2-bathroom unit features a den and a private garage, along with a stunning view of the golf course overlooking the third fairway. Enjoy the benefits of a new water heater and air conditioning installed in 2019, while all other appliances are just a year and a half old. Step onto your private lanai equipped with electric shutters to relax and take in the beautiful scenery. The condo boasts vaulted ceilings and an updated kitchen with stainless steel appliances, complemented by an eat-in area that brings in plenty of natural light. The den is versatile with pocket doors and a Murphy bed, providing an extra sleeping space for guests. Plentiful cabinetry in the dining area offer extra storage, and the large laundry room provides additional storage. With all the amenities of Cranbrook just steps away, you'll find the Royal Wood Golf Club offers immediate golf membership. Enjoy a vibrant social scene with year-round golf events, scrambles, holiday parties, card games, trivia, and more. Plus, you're only a short distance from the fine dining, world-class shopping, and entertainment of 5th Avenue South and Third Street South, along with the pristine white sand beaches.
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Our Executive Mortgage Banker:
Our Insurance Division:
$320,000
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 | $256,000 | $256,000 | $256,000 |
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 | $199 | $199 | $199 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,682 | $1,682 | $2,143 |
Total Monthly Payment | $1,955 | $1,955 | $2,416 |
* 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.