This two bedroom/two bath unit is ground floor at Runaway Bay. The condo received flood waters from the recent hurricane with approximately 3 feet of water. The unit has been completely dried out and cleaned by Wrightway which also removed the impacted sheetrock, flooring and lower cabinets The owner was able to save all bedding, towels and misc items.
This condo will soon be under full remodel as part of the HOA's flood insurance. The insullation, sheetrock, flooring(where needed), cabinets, paint, hot water tank and appliances will be replaced. Th enew owner can make their own decor choices to make it theirs. Visualize a brand new condo with all of your handpicked selections here! The HOA o covers: Cable TV, Community Pool, Escrow Reserves Fund, Insurance, Internet, Maintenance Exterior, Maintenance Grounds, Manager, Pest Control, Sewer, Trash and Water.
Additionally the board of directors had approved to replace the roof which is currently underway. The owner has paid the special assessment in the amount of $13, 986.
The pictures show what the unit looked like before the hurricane and the current condition before the insurance covered renovation.
The Ac was replaced in 2021.
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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 | $375,920 | $375,920 | $375,920 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.125% | 7.250% | 6.375% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.295% | 7.408% | 6.623% |
Monthly Tax Payment | $573 | $573 | $573 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $2,533 | $2,564 | $3,249 |
Total Monthly Payment | $3,181 | $3,212 | $3,897 |
* 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.