This charming home offers an exceptional opportunity to embrace energy efficiency and modern living. The solar system installed in 2020 is a standout feature, with a purchase contract of approximately $32, 000 that can be assumed at a low 1. 49% interest rate, reducing the home’s purchase price to $225, 000. Alternatively, the owners will pay off the solar system with a full-price offer. Current payments are just $133. 99 per month, and the electric bill has never exceeded $27. 73 (based on the current owners). The home also features a series of valuable upgrades: 2019: New roof, upgraded electrical panel, HVAC system (compressor a few years older), and hurricane-rated garage door. 2020: Plumbing relocated into the attic and bathroom renovations completed. Additional Features: On-demand water heater, clear Miami-Dade Low-E windows, hurricane shutters, generator hook up and a self-cleaning oven. The outdoor space is equally inviting, with a 10' x 16' storage shed, a fenced backyard perfect for pets, a cozy firepit, and a lanai equipped with shades to block the afternoon sun. This home is located just a few houses away from Oyster Creek Regional Park, offering over 250 acres of natural beauty, trails, and recreation. Optional memberships to the Englewood Garden Club and local beaches add to the lifestyle perks.
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Our Executive Mortgage Banker:
Our Insurance Division:
$257,000
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 | $205,600 | $205,600 | $205,600 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.875% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.191% | 7.171% | 6.276% |
Monthly Tax Payment | $103 | $103 | $103 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,351 | $1,366 | $1,734 |
Total Monthly Payment | $1,529 | $1,544 | $1,912 |
* 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.