THIS SUBJECT HAS A NEWLY CONSTRUCTED SEAWALL AND BULKHEAD ($562, 000 COST) THAT WAS COMPLETED IN EARLY OCTOBER AND HURRICANE TESTED BY "MILTON" THE SAME MONTH. THE HOME CONSISTS OF ~4, 236 SF UNDER ROOF WITH 6 BEDROOMS/5 BATHROOMS AND THREE SEPARATE GARAGES FOR 5 VEHICLES. THE MAIN HOME HAD SUSTAINED ROOF DAMAGE FROM HURRICANE MILTON, WHICH IS NOW REPAIRED AND REPLACED BACK TO A “DRIED-IN STATE” WITH NEWLY CONCRETE REINFORCED LINTELS, ALL NEW TRUSSES IN PLACE AND NEW SIMPSON TIE STRAPS INSTALLED BY VOLUSIA COUNTY CODE STANDARDS. THE PROPERTY ALSO ENCOMPASSES TWO RENTAL UNITS ON SITE (2BED/1BATH & 1BED/1BATH UNITS) THAT BRING GOOD INCOME POTENTIAL OR CAN OTHERWISE BE UTILIZED AS AN "IN-LAW APARTMENT" AND/OR "A STUDIO HOME OFFICE SPACE". THE SUBJECT IMPROVEMENTS ARE ALL SITUATED ON A . 37 ACRE SITE NEXT TO THE COUNTY'S BEACH WALK ACCESS DIRECTLY ACROSS FROM CURLEW STREET…
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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 Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $1,960,000 | $1,960,000 | $1,960,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.750% | 6.625% | 6.625% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.620% | 6.735% | 6.806% |
Monthly Tax Payment | $1,441 | $1,441 | $1,441 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $12,713 | $12,550 | $17,209 |
Total Monthly Payment | $14,279 | $14,116 | $18,775 |
* 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.