Under contract-accepting backup offers. Lake Palms co op is located in an exceptional area of downtown St Pete! Just steps from Mirror Lake, 3 blocks from Central Avenue and this mid century building is a gem. This unit stands part with it's COVERED ASSIGNED PARKING - 1 garage / under building covered parking space included, plus plenty of guest parking. One of few garages available in the building, there is an adjacent storage closet on the first level - 1 of only 4 storage units that is in a secure area. The one bedroom, one bath apartment unit offers an open floor plan with modern laminate wood look flooring throughout the living area, kitchen and bedroom. A screen enclosed balcony has views of the lake. Sliding doors open to allow enjoyment of the temperate Florida winter weather. The kitchen is light and bright with a double sink and open pass thru to the living area. A hallway separating the living area from the bedrooms offers 2 closets for added storage. The bedroom has built-in storage closets with custom cabinetry fronts and 11' of STORAGE! The bathroom is larger than most units and has a tub shower. The monthly fee 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 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! NO dogs - 2 cats allowed.
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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 | $138,000 | $138,000 | $138,000 |
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 | $141 | $141 | $141 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $941 | $930 | $1,183 |
Total Monthly Payment | $1,157 | $1,146 | $1,399 |
* 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.