Imagine a home steps from the beach on an exclusive street with private beach access. You're welcomed by the inviting front porch of a charming 3-bedroom, 2-bath Ruth Richmond custom built home exuding character with artistic touches throughout. Pocket sliding doors leading to the pool provide seamless indoor/outdoor tranquility, lucite doorknobs (now Mad Men-era classics), and a lengthy bathroom counter with 1" tiles are Ruth Richmond signature details. The eat-in kitchen has a gas stove, soft close cabinet doors, and a custom concrete breakfast bar with inlaid sea glass, sharks' teeth and shells. Tile throughout, new roof and A/C 2020, 2-car garage (hurricane door), large interior laundry room, split floor plan and some hurricane protection. Before a dip in the pool with waterfall, rinse off the beach sand in the outdoor bamboo shower. Open floor plan provides views of easy-care landscaping framing the outdoor spaces of serene and inviting ambiance. The pergola and deck grace one end and a paved patio complete the other. No lawn to mow! Within the fenced yard are lime, fig and Meyer lemon trees. Enjoy a relaxing hammock area. No storm damage to this home and no water intrusion. Flood Zone X. Ready for nightly sunsets? Enjoy coastal breezes flowing through this cozy yet sophisticated interior, a perfect retreat for those seeking tranquility and the natural beauty of living by the beach in a highly desirable location. Quaint shops, restaurants, theatre, library, art center all close by.
Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
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Our Executive Mortgage Banker:
Our Insurance Division:
$1,500,000
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 | $1,200,000 | $1,200,000 | $1,200,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.875% | 6.625% | 6.625% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.148% | 6.748% | 6.786% |
Monthly Tax Payment | $424 | $424 | $424 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $7,883 | $7,684 | $10,536 |
Total Monthly Payment | $8,432 | $8,233 | $11,085 |
* 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.