Location, Location, Location! This charming, elevated coastal home is located just a 3 minute walk to the beach on a quiet residential street and a short golf cart ride to restaurants and shopping. Currently a 3 bed 3 bath , but is easily renovated to be a 4 bedroom home. Recent renovations include a new metal roof and paint. Interior is tastefully decorated with beachy, colorful decor, and features an over- sized master bedroom suite with balcony, and elevator access to all floors. The exterior features a balcony located off the great room and the third floor balcony which offers peeks of the Gulf. The exterior is tropically landscaped that provides privacy around the pool area and covered lanai. This home would make a great second home or or vacation rental. Expected income is approximately $150, 000 gross.
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Our Executive Mortgage Banker:
Our Insurance Division:
$1,985,000
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 Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $1,588,000 | $1,588,000 | $1,588,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.750% | 6.625% | 6.750% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.545% | 6.748% | 6.932% |
Monthly Tax Payment | $1,579 | $1,579 | $1,579 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $10,300 | $10,168 | $14,052 |
Total Monthly Payment | $12,004 | $11,872 | $15,756 |
* 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.