Welcome home to this fully accessible and ADA compliant condo in the fantastically located community of The Villas at Somerset! This home is perfect for a primary residence, personal vacation home, or thriving vacation rental. Being on the first floor and equipped with a remote entry and ramp, convenience and comfort are guaranteed immediately upon arriving home. Wider doorways throughout ensure ease of mobility wherever you are inside. The kitchen and bathrooms have roll-up sinks and appliances, and all faucets have features to accommodate everyone. The floor plan is open in the living spaces with the kitchen, dining space, and living room all in one open space immediately upon entering into the home. The 3 bedrooms and laundry closet are located privately down a hallway from the living space. The living room is enhanced with custom shelving and lighting as well as bay windows that allow in ample natural light. The community includes many amenities for even more enjoyment outside of your home. The complex has a brand new roof, and all maintenance and landscaping is taken care of by the association for a true worry-free ownership experience. Inquire today to see how this gem can become your own!
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Our Executive Mortgage Banker:
Our Insurance Division:
$225,000
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 | $180,000 | $180,000 | $180,000 |
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 | 7.443% | 7.133% | 6.256% |
Monthly Tax Payment | $211 | $211 | $211 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,213 | $1,196 | $1,518 |
Total Monthly Payment | $1,498 | $1,481 | $1,803 |
* 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.