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DRAMATIC OVER 125K PRICE REDUCTION!!! OUTSTANDING OPPORTUNITY TO OWN THE LARGEST (OVER 3, 000 S. F. ) UNIT IN THE RESORT STYLE OCEANFRONT COMPLEX "LA MER ESTATES" ON A FLOOR THAT REQUIRES NO ELEVATOR. THIS UNIT IS ORIGINAL, BUT COMES COMPLETELY FURNISHED WITH EXPENSIVE, UNIQUE ORIGINAL PIECES. UNIT HAS NEW IMPACT WINDOWS, TWO PARKING SPACES, TWO STORAGE LOCKERS, UTILITY ROOM WITH GRANDFATHERED FULL WASHER AND DRYER. WALK FROM UNIT ON SAME FLOOR OUT TO PATIO/POOL, RESTAURANT, BEAUTY SALON, GYM. THIS UNIT HAS NO BALCONY AS IT'S LIKE YOUR OWN BEACH HOME IN AN OCEANFRONT RESORT. LA MER UNDERWENT A 20M RESTORATION WITH NEW RESTAURANT, BEAUTY SALON, PICKLEBALL, TENNIS, SHUFFLEBOARD, MEN/WOMEN'S LOCKER ROOMS, BBQ AREA BY OCEAN, HEATED POOL, OCEAN SERVICE, OCEANFRONT PATIO BAR, BILLIARDS, GYM, TOP VALET AND SECURITY. UNIT VIEWS ARE OCEAN DRIVE (WEST) AND PARK (NORTH). PRICE INCLUDES SELLER PAYS FULL ASSESSMENT (APPROXIMATELY 57K) OR BUYER CAN DEDUCT FROM PRICE AND PAY MONTHLY AT $989/MO. FOREIGN SELLER SO FIRPTA APPLIES. MAINTENANCE FEE INCLUDES RESERVES.
Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
Our family of companies offer our clients a new level of full-service real estate. We shall:
To learn more about our credentials, visit raveis.com today.
Our Executive Mortgage Banker:
Our Insurance Division:
$835,000
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 Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
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|---|---|---|---|
| Loan Amount | $668,000 | $668,000 | $668,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.625% | 6.000% | 5.875% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.278% | 6.121% | 6.038% |
| Monthly Tax Payment | $1,399 | $1,399 | $1,399 |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $3,845 | $4,005 | $5,592 |
| Total Monthly Payment | $5,336 | $5,496 | $7,083 |
* 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.