Wonderful 10 home site Oceanfront community, Lot 7 is first lot back from Ocean walkway making it only steps from the boardwalk beach access . Millikan Lane is a private Road with private deeded boardwalk to the beach with no public parking. 2 or 3-story residence will have some views of ocean. A rare lot on island in community with direct ocean access. Plan on your next home being in our community this year. Millikan Lane is a private Road with private deeded boardwalk to the beach with no public parking or access to the beach so no hassles of the public parking on your road due to public access or using the boardwalk . Lot 7 is a high Bluff so when building your home of 2-3 levels there would be a view from all 3 angles of the ocean and also of the inter coastal waterway to the west . the annual community's fees are 200. 00 a year from maintenance . Crescent Beach is a Family Beach white sand with limited beach driving on this end of the county's beaches . This community gives you the perks of ocean front living without the harsh weather elements of being directly oceanfront .
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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 | $559,200 | $559,200 | $559,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.375% | 6.990% | 6.250% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 8.011% | 7.171% | 6.538% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,862 | $3,717 | $4,795 |
Total Monthly Payment | $3,954 | $3,809 | $4,887 |
* 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.