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Unbeatable investment for investors! Income generating property. Best-priced, occupied 1-bedroom, 1-bath residence in the area! Exceptional value in one of Miami's most sought-after all age, pet friendly waterfront communities. Step inside to discover a bright and open living area, open kitchen featuring stainless steel appliances, large private balcony, hurricane-impact sliding glass doors from both the living room and primary bedroom. Enjoy the convenience of an in-unit washer and dryer and a generously sized bathroom. HOA includes cable, internet, water, and one assigned parking space, giving you worry-free living and incredible convenience. The building offers secured access, two lobbies and fob-controlled entry for building and elevator. Enjoy resort-style amenities including a state-of-the-art fitness center, sauna, steam room, hot tub, pool, business center, game room, valet, concierge, package receiving, and bicycle storage. Located in the prestigious 1800 Club Condominium, this luxury waterfront residence overlooks Margaret Pace Park and Biscayne Bay in the heart of the Miami Performing Arts District. You'll be just two blocks from the $500 million Performing Arts Center (1. 4 miles), and only minutes from Downtown Miami (1. 6 miles), the Kaseya Center (1. 4 miles), the proposed world-class Art Museum and Science Center (1 mile), and the beaches of South Beach. Step outside your front door and enjoy Margaret Pace Park, featuring a dog park, tennis and basketball courts, soccer and cricket fields, playgrounds, and barbecue areas perfect for active living or relaxing by the bay. Modern construction. Resort amenities. Prime location. This rare opportunity won't last!
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$395,000
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
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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 | $316,000 | $316,000 | $316,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.990% | 6.375% | 5.625% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.370% | 6.524% | 5.866% |
| Monthly Tax Payment | $560 | $560 | $560 |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $1,893 | $1,971 | $2,603 |
| Total Monthly Payment | $2,528 | $2,606 | $3,238 |
* 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.