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Rare opportunity in SoSo to purchase an affordable cottage with the character of a more elegant time and yet modern CBS construction, updated systems and impact windows! 353 Orange Way gives you the best of both worlds with the charm of gleaming original hardwood floors, refined trim and crown mouldings but also the updates you want for modern living.
Bright and airy, this home is awash with natural light from the windows and French Doors - especially in the Florida Room at the rear of the home overlooking the backyard and tropical landscaping. There is solid wood cabinetry in the kitchen with stainless steel GE appliances and Pompeii quartz countertops with a white subway tile backsplash. The hardwood floors continue into the primary bedroom that has an accent wall of paneled trim. The full bath has been updated with hexagonal marble tile flooring, a lovely vanity and a herringbone pattered tile surround in the tub and shower.
The backyard is private and fenced with a spacious patio complete with pergola for filtered sunlight. There is plenty of room for a pool or expansion and the owners have a set of buildable plans available to add on to the home with a new primary suite addition if desired down the road on this 62. 5' x 110' lot.
353 Orange Way is the heart of SoSo and close to Flagler Drive with its wide waterfront promenade that starts at Summa Beach and is perfect for walking the dog or riding your bicycle for miles to the north. You are close to the design studios and antique shops and restaurants along Dixie Highway including Howley's, the Dixie Grill & Brewery, Palm Beach Meats, Field of Greens and fine dining at places like La Sirena and Blue Door. The Publix on Southern is close by and the new Trader Joe's is being built only two blocks away. You are less than a mile from The Park at West Palm Beach, the area's recently renovated golf center that is open to the public with a new Gil Hanse-designed course, driving range and clubhouse complete with two restaurants overlooking the fairways.
The Southend neighborhood has the Discovery Day School, Flagler Montessori, St. Juliana's School and 353 Orange Way is in the desirable South Olive Elementary School district. It's an easy drive to Palm Beach Day Academy and Rosarian. The parks in the neighborhood include South Olive Park with its beloved Tennis Center and Phipps Park, which has little league baseball and the Spillway Park on the C-51 canal that is a snook fisherman's dream.
You are under 5 miles to Palm Beach International Airport or the Brightline Station or CityPlace or downtown West Palm and also close to the Southern Bridge to the island of Palm Beach where you can do everything from world-class shopping on Worth Avenue to just watching the warm waves break on the sand.
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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 | $756,000 | $756,000 | $756,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.250% | 5.750% | 5.625% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.069% | 5.858% | 5.787% |
| Monthly Tax Payment | $936 | $936 | $936 |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $4,175 | $4,412 | $6,227 |
| Total Monthly Payment | $5,203 | $5,440 | $7,255 |
* 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.