This bright, spacious corner 2BR unit at Ocean Terrace offers exquisite craftsmanship and meticulous attention to detail at every turn. Set in a beachfront location at Indian River Plantation, unit #201 occupies a secure elevator building with covered parking and extra storage below. The HOA just completed a 3-year exterior renovation project (paid for). #201 was redesigned to create space and light, and strengthened with impact glass all around. The best of finishes and fixtures were chosen: Bosch appliances, convection oven/induction cooktop, 30"x60" ceramic marble flooring, Lauiermax cabinetry, Artistic Closets, Hansgrohe plumbing fixtures, self-lighted anti-fog bath mirrors, Samsung Frame TVs, recessed LED lighting, new A/C - and more! The view is of golf course and sunsets, and when you step out of the elevator you are just steps to the pool and the sunny beaches of Hutchinson Island. You may also choose to join the Marriott Ocean Club for golf/pickle ball/beach club family fun.
Type | Dimensions | Level |
---|---|---|
Bedroom1 | 12.0 x 18.0 | Main |
Bedroom2 | 14.0 x 12.0 | Main |
Kitchen | 10.0 x 12.0 | Main |
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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 | $588,000 | $588,000 | $588,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.404% | 7.133% | 6.236% |
Monthly Tax Payment | $568 | $568 | $568 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,912 | $3,908 | $4,959 |
Total Monthly Payment | $4,572 | $4,568 | $5,619 |
* 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.