Moving on up! Ready to live in the PENTHOUSE? This gorgeous home was updated in 2018. Tasteful Shaker style cabinets and solid surface countertops in kitchen and bathrooms. Lovely modern, mid-brown tone, solid surface flooring. 2 bedroom, 2 bath in the park-like Otter Key community. NEW ROOF in 2024 and No age restrictions! This unit has an outstanding view of Cross Bayou, new windows and hurricane rated sliders from the primary bedroom AND the main living area onto the large balcony. Balcony equipped with a power shade to tame the afternoon sun if needed. Closets galore throughout. Washer/Dryer inside unit. Situated in a park like setting. The amenities include a heated pool, tennis court, pickleball court , and a clubhouse with an exercise room, billiards, ping pong, library and kitchen. There is a Publix right across the street and shopping and beaches are just a few minutes away. MILESTONE INSPECTION and RESERVE STUDY ALREADY COMPLETED. NOTE: Otter Key is a gas building so there is NO water heater in the unit, your HOT WATER and STOVE are gas. GAS IS COVERED IN YOUR MONTHLY MAINTENANCE! ALONG WITH WATER, SEWER, TRASH, PEST CONTROL, ESCROW RESERVE FUND, BUILDING MAINTENCE, POOL MAINTENANCE AND GROUNDS MANTANANCE! Secure elevator access. This Penthouse unit has A PARKING SPACE UNDER THE BUILDING (space 21) and as well as a storage closet adjacent, making it a rare find.
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Phone: 888.699.8876
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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 | $239,920 | $239,920 | $239,920 |
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 | $148 | $148 | $148 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,616 | $1,637 | $2,074 |
Total Monthly Payment | $1,839 | $1,860 | $2,297 |
* 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.