Welcome to Drew Ridge! This quaint 55+ cooperative is near the heart of Clearwater, FL, and all the city has to offer! Just a 9 minute drive to world-famous Clearwater Beach! And this condo is NOT in a flood zone! This condo has a great location in the community, right next to the laundry room, and close to one of the side exits of the complex. It comes with one designated parking space (located directly in front of the unit, as seen in the photos), but there are additional visitor spots available as well. This one-bedroom unit is extremely spacious, with the Florida room not being separate from the main living room (unlike some units, it's one open living space). The bathroom was recently renovated with a new toilet and resurfaced tub. The bedroom has plenty of storage space, with a lengthy built-in closet, plus an additional utility closet. Out back is a lovely patio area, perfect for enjoying the beautiful weather this time of the year. This condo is being sold UNFURNISHED. Please make sure to review the rules and regulations, as there is a lot of information in there. Some of the FAQ's are: no washers and dryers in units; no pets in the community; this is not for investment, and they can only be leased under certain restrictions.
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Our Executive Mortgage Banker:
Our Insurance Division:
$90,000
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 | $72,000 | $72,000 | $72,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 7.000% | 6.125% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.330% | 7.182% | 6.412% |
Monthly Tax Payment | $12 | $12 | $12 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $479 | $479 | $612 |
Total Monthly Payment | $566 | $566 | $699 |
* 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.