This waterfront condo is the perfect getaway from the busy city life. Enjoy the sound of the waves crashing and the salt water smell as you sit on your private balcony. This one bedroom condo has been well maintained by a handy owner who only visits a few times per year. It has been very lightly used, for vacation purposes only for almost 3 years. The community offers several quality amenities and a location that is hard to beat. Washington Arms Condominiums are the Epitome of FL Sunshine Lifestyle along the Space Coast: This Private community includes an owner's fishing/overlook dock, community pool and is directly across the river from the Kennedy Space Center; you can enjoy each and every rocket launch directly from your front porch. It is also close to many local shops and restaurants, as well as, both local and nation wide marina's for your boating needs. There are not many opportunities to purchase a direct water front condo for under $200, 000. Be sure to contact your trusted real estate advisor today to schedule a private showing.
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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 | $116,000 | $116,000 | $116,000 |
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 | $174 | $174 | $174 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $791 | $782 | $995 |
Total Monthly Payment | $1,040 | $1,031 | $1,244 |
* 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.