This sprawling four bedroom, 2-1/2 bath, single-story Spanish Mediterranean style home sits in the middle of Palma Sola Park - one of the few neighborhoods still boasting an abundance of old Florida charm - and just a block to Portosueno Park. Enjoy watching manatees frolic in the waters of the boat basin connected to Palma Sola Bay right from the comfort of your dining room window. The living room features a charming wood burning fireplace as well as a wood paneled, vaulted ceiling with skylights. This flexible, split-bedroom floor plan provides plenty of space for entertaining or privacy - whichever you prefer. The en-suite primary bedroom has a large sitting area and two walk-in closets. Conveniently situated home office has a ton of built-in storage and desk. Enjoy nature in the serene, perimeter fenced backyard which features a large paver patio complete with an operational fountain, plenty of covered area for entertaining, space to store an RV or boat plus a charming storage area that can be converted to a workshop or artist?s retreat. For those with larger vehicles/boats, there is gated access to 17th Avenue W from the backyard. Homeowner has one of the original certificates which puts you at the front of the waitlist for a boat slip. This property also has the added benefit of being elevated, located in Flood Zone X and having no requirement for Flood Insurance!
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Our Executive Mortgage Banker:
Our Insurance Division:
$950,000
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 | $760,000 | $760,000 | $760,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.625% | 6.750% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.274% | 6.723% | 6.932% |
Monthly Tax Payment | $310 | $310 | $310 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $5,056 | $4,866 | $6,725 |
Total Monthly Payment | $5,458 | $5,268 | $7,127 |
* 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.