|
|
Priced to sell. Excellent opportunity to own in South Beach. Only 3 blocks from the beautiful beaches of famous South Beach. Beautiful Studio in a small 3-story corner building. The apartment is very bright with lots of natural light coming through the windows. Large walking closet. Dining area between kitchen and main area. Freshly painted and the natural wood floors recently sanded and polished looking beautiful, like new. Laundry facility in the building but can connect washer & dryer inside apartment. This typical South Beach building is located in the most convenient and well sought location at the center of legendary South Beach where all the trendy and exclusive restaurants, bars, night clubs, and all kind of services and stores are located within walking distance. Medical centers, super markets, community centers with everything that can be offered to residents from Day care services to Tennis courts and parks. Close to Lincoln Rd, Ocean Drive, Super exclusive South of Fifth area with fancy restaurants and South Point newer Pierre, parks, restaurants, and parade of cruise ships leaving Miami. The Cooperative is in full compliance with all laws, including SIRS (see attachments). Can't beat this extraordinary opportunity. Easy to see. Land is Owned, Not Leased.
Lowest Maintenance Fee in the area.
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:
$139,000
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 Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
|---|---|---|---|
| Loan Amount | $111,200 | $111,200 | $111,200 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.250% | 5.875% | 5.125% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.112% | 6.520% | 5.415% |
| Monthly Tax Payment | $9 | $9 | $9 |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $614 | $658 | $887 |
| Total Monthly Payment | $698 | $742 | $971 |
* 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.