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Discover the perfect blend of desirable Florida living and exceptional income potential at Palm Manor Condominiums. This spacious and meticulously maintained 2-bedroom, 2-bathroom corner unit is bathed in natural light, offering a bright and cheerful atmosphere from the moment you step inside. The home features durable and easy-to-clean brand new luxury vynil flooring throughout, along with the convenience of interior laundry (a highly sought-after amenity). Step out onto your private, screened lanai—the perfect spot for morning coffee or evening cocktails—which includes a valuable large attached storage room. Best of all, this condo is offered fully turnkey furnished, allowing for immediate move-in or immediate rental income. The community is fiscally sound, featuring a new roof installed in 2020 for your peace of mind. The property's biggest advantage is its flexible rental policy, allowing for one-week rentals, positioning it as an outstanding investment opportunity in the booming local market. When you're not at the beach, you can relax and refresh at the sparkling community pool. Location is everything: Situated squarely in the heart of Englewood, you are just moments from grocery stores, retail shopping, and a diverse selection of local restaurants. But the ultimate draw is the proximity to paradise—you are less than 3 miles from the beautiful sandy beaches and Gulf-front amenities of Englewood! Live the Florida dream, or let this property work for you.
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:
$188,000
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 |
|
|---|---|---|---|
| Loan Amount | $150,400 | $150,400 | $150,400 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.875% | 6.375% | 5.490% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.583% | 6.533% | 5.764% |
| Monthly Tax Payment | $244 | $244 | $244 |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $890 | $938 | $1,228 |
| Total Monthly Payment | $1,209 | $1,257 | $1,547 |
* 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.