DOWNTOWN LIVING! This mid century building is an excellent opportunity for residents seeking affordable downtown living! The co-op apartment is in the heart of downtown St Pete with many activities nearby including historic Mirror Lake public library, walking paths along Mirror Lake, and surrounding historic neighborhoods. Located in the Central Arts District with plenty to see and do just steps away - restaurants, coffee shops & art venues. This north facing unit offers lots of natural light making the interior bright and cheerful. A sliding door opens to the screen enclosed patio to enjoy cool evenings and breezy fall Florida days! Engineered wood flooring throughout the living area. Efficient kitchen at the front entry with double storage closet / pantry. A spacious bedroom offers a full wall of closet storage & bathroom has pristine 1950's tile and tub/shower. This unit is located on the north side of the building overlooking the neighborhood, trees and lake from the screen enclosed balcony. There is an interior building elevator or easy access to stairs. Lake Palms co op is located in an exceptional area of downtown St Pete! Just steps from Mirror Lake and this mid century building was built as a cooperative ownership apartment complex, the complex remains efficiently managed & maintained. The monthly fee of $685 includes MANY extras typically paid out of pocket! Electricity, water, trash removal, real estate taxes, air conditioning & ac unit maintenance, building insurance & exterior maintenance, and property management. Lake Palms offers storage closet on the first level, bike storage room, central laundry on the main floor, and a large entertainment room at the secure entry. Easy walk to many exceptional local restaurants, coffee shops and Publix. Secure building with keyless fob entry and call box for visitors. Ask for more details on the many benefits of co-op ownership! 55+ age restriction + no dogs - 2 cats allowed.
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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 | $132,000 | $132,000 | $132,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.250% | 7.125% | 6.250% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.945% | 7.282% | 6.538% |
Monthly Tax Payment | $56 | $56 | $56 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $900 | $889 | $1,132 |
Total Monthly Payment | $1,031 | $1,020 | $1,263 |
* 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.