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Charm abounds in the Florida Bungalow. This is a fantastic opportunity to freshen it up a bit and enjoy as a home or rental property or completely remodel to a dream home. Zoned for Palm Beach Public elementary! The main house features a turn of the century fireplace and wood flooring. Lots of nooks to make your own space for reading or exercise as well as a full kitchen and a full bathroom. Washer and Dryer on are on the rear lanai to the home. The guest cottage to the rear features two bedrooms and a kitchen, living room and bathroom. Perfect for multi generational living or AIRBNB. The property features a new roof in 2022. Both units are currently leased. The main house is leased at $2495/month through 2/28/2025 and the guest cottage is $1800 per month through 4/30/2025.
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Our Executive Mortgage Banker:
Our Insurance Division:
$969,900
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 | $775,920 | $775,920 | $775,920 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.250% | 6.500% | 6.375% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.907% | 6.610% | 6.535% |
Monthly Tax Payment | $949 | $949 | $949 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $4,777 | $4,904 | $6,706 |
Total Monthly Payment | $5,818 | $5,945 | $7,747 |
* 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.