Affordable 3 bedroom townhouse style condo in large well-known complex. Ideal opportunity for anyone starting out or an investor looking to add to their portfolio. 3 good sized bedrooms upstairs with a shared full bath, need some TLC with fresh paint and carpets. Main level features a half bath for guests, a good size eat-in kitchen with extra pantry storage and room for 4-6 to dine. Off of the kitchen are sliders leading to a deck with access to a small yard space as well as the nearby wooded walking trails. The main living area is bright and spacious with a good size coat closet. Outside of the unit is a nice small lawn area. All of Lantern Park is quiet and this section of the large association is no exception. Close to the wooded trails and set back there is no traffic noise or drive-by traffic here in the upper area of Coach Circle. Property is clean and recently vacated. Can use some TLC. Excellent value for the price. Lantern Park is not FHA approved. Cash buyer or Conventional. INVESTORS: HOA states one year of owner occupied residency before renting the unit. Rentals in this complex range $1500-$1900 a month.
Type | Description | Level |
---|---|---|
Bedroom 1 | Wall/Wall Carpet | Upper |
Bedroom 2 | Wall/Wall Carpet | Upper |
Eat-In Kitchen | Balcony/Deck,Breakfast Nook,Sliders | Main |
Full Bath | Upper | |
Half Bath | Main | |
Living Room | Ceiling Fan | Main |
Primary Bedroom | Wall/Wall Carpet | Upper |
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5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $126,400 | $126,400 | $126,400 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.375% | 7.125% | 6.125% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.474% | 7.282% | 6.412 |
Monthly Tax Payment | $271 | $271 | $271 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $873 | $852 | $1,075 |
Total Monthly Payment | $1,219 | $1,198 | $1,421 |
* 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.