Just seven doors to Old Naples beaches, this distinctive and rare property with two homes (perfect for multi-generational gatherings) is sure to delight you. Effortlessly combining a historic ambiance with modern upgrades, both the main house and the sizable guest house are available for immediate occupancy, and have been recently renovated to include new roofs and gutters, paint, pool and house mechanics, and appliances. The high ceilings throughout are adorned with crown molding. The mature trees and landscaping are softly lit in keeping with the neighborhood vibe. Imagine the convenience and comfort of two separate homes connected by a screen-enclosed pool lanai, with separate entrances, a circular front drive, and a rear alley drive - perfect for overnight guests, or as an income generating opportunity! All nestled beneath the tree canopy of The Avenues in the heart of Old Naples, seven doors to the white sand beaches of the Gulf, and mere blocks to the renowned dining and shopping hub of 5th Avenue South, with perfect proximity to an array of social amenities, including museums, theaters, golf, tennis, The Botanical Gardens, and the highly anticipated new Four Seasons Beach Club. Home warranty available.
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Our Executive Mortgage Banker:
Our Insurance Division:
$6,950,000
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 | $5,560,000 | $5,560,000 | $5,560,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.125% | 6.750% | 6.750% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.838% | 6.851% | 6.915% |
Monthly Tax Payment | $2,369 | $2,369 | $2,369 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $37,459 | $36,062 | $49,201 |
Total Monthly Payment | $39,953 | $38,556 | $51,695 |
* 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.