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Presented by
Bob McGrath |
Investor Alert. . . If you've been waiting on a great deal, this is it! Priced to sell quickly, this spacious 1BR/1BA ground floor condo is the largest of the 1BR floor plans in the oceanfront complex of Ocean Village Club. With some upgrades and updates, this unit could be a darling beach getaway or rental investment property. Some items have been taken care of - HVAC replaced in 2022 and copper pipes replaced with PVC. Unit was used as a long-term rental for the past 15 years and needs some tlc but a rare opportunity to own in an oceanfront complex for a great price. Ocean Village Club is a pet-friendly oceanfront and gated complex in the heart of St Augustine Beach. Park your car and walk or bike to great coffee shops, excellent restaurants, entertainment, shopping, and most importantly, our beautiful beach which offers sparkling water and endless sunshine. Amenities include gated entrances, private beach walkover, heated and unheated pools, fitness room and clubhouse, grilling area with outdoor dining pavilion, tennis courts and shuffleboard and more. The monthly condo dues of $630 include all amenities as well as a DirecTV package featuring cable channels, and high-speed internet. Owners are allowed 2 pets and renters 1 pet. **Owners make a 13th payment of $450 towards Reserve Funds, with next payment due October, 2025. Buyer is aware and assumes responsibility for all future payments.
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Our Executive Mortgage Banker:
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$255,000
Sales Associate
William Raveis Real Estate
Phone: 941.628.1069
Bob.McGrath@raveis.com
RVP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 917.838.7300
Melissa.Cohn@raveis.com
NMLS Mortgage Loan Originator ID 16953
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5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
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|---|---|---|---|
| Loan Amount | $204,000 | $204,000 | $204,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.875% | 6.125% | 5.375% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.357% | 6.304% | 5.648% |
| Monthly Tax Payment | $260 | $260 | $260 |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $1,207 | $1,240 | $1,653 |
| Total Monthly Payment | $1,542 | $1,575 | $1,988 |
* 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.