GREAT LOCATION! MOVE-IN READY. LARGELY FURNISHED. END UNIT. HURRICANE RATED WINDOWS. Welcome to Palm Terrace, a 55+Cooperative community ideally located steps to Downtown Venice and two blocks from Venice Beach. Located on beautiful Venice Avenue directly across the street from Heritage Park, you will find this second floor, 2 bedroom, 1. 5 bathroom END UNIT to be light and bright throughout. A front patio provides the opportunity to enjoy your morning coffee or evening beverage.
Being a snowbird home, it is lightly used and includes the value-added features of newer HURRICANE STANDARD WINDOWS and FRONT DOOR, plentiful plantation shutters, crown molding, newer A/C (2018), and one assigned parking spot directly in front of the unit. You will also love the spacious combo living/dining area and an over-sized primary bedroom with a walk-in closet and ensuite half bath. The unit is largely furnished with exception of wall décor and a few small personal items.
Palm Terrace is an intimate community with 32 units in eight buildings. You will find it to be well managed and maintained (newer plumbing stacks, water lines and roofs), beautifully landscaped, and there is a heated pool for year-round enjoyment. The communal laundry room is free for resident use with three washers and three dryers.
Living at Palm Terrace is a walker's dream. You are two blocks from Venice's picturesque downtown and its diverse dining, boutique shopping, entertainment options, and regular slate of festivals and concerts at Centennial Park. The weekly farmer's market, tennis/pickleball/shuffleboard/basketball courts at Hecksher Park, Venice, Art Center, Venice Library, and Venice Community Center are all within easy walking distance. And Venice Beach is also an easy walk or bike ride being only two blocks away for sunsets, beachcombing, yoga on the beach, or listening to the regular evening music jams under the Pavilion!
Call now to start living the Venice Island lifestyle!
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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 | $231,920 | $231,920 | $231,920 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 7.125% | 6.250% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.243% | 7.282% | 6.518% |
Monthly Tax Payment | $310 | $310 | $310 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,543 | $1,562 | $1,989 |
Total Monthly Payment | $1,928 | $1,947 | $2,374 |
* 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.