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The perfect beach retreat across the sand road from the beach and the Gulf of Mexico!!! "Paradise Cottage" is aptly named for this cozy 3 bedroom, 2 bath home with many lovely appointments. Being sold turnkey furnished. Interior and exterior paint colors are green/blue hues that pull you into the serene environment of an island paradise. Kitchen has newer retro Big Chill appliances, wood cabinets and quart quartz countertops on the breakfast bar/island with space for eating in the kitchen as well. Bathrooms have decorative tile and cabinets. A complete hurricane mitigation report is available. Updates include: All CPVC piping and water heater replaced, preventative treatment of entire structure for termites (15 year warranty), new roof and foam insulations, 150 additional hurricane clips added to structure, Wind mitigation inspection inspection, all drywall replaced, windows and doors replaced with impact resistant glass and turtle glass, CertainTeed GlasRoc Sheathing installed under house, new kitchen cabinets, gutters, rear and front staircases and deck rebuilt with TREX, Staircase and deck and under house decking redone, exterior paint, electrical service panel, under house storage rebuilt with hardie, and septic pumped out and inspected. So it will be almost be like moving into a new home!! Don Pedro-Knight-Palm Island is a bridgeless, barrier island situated between Sarasota/Tampa to the north and Ft. Myers/Naples to the south. Accessible only via boat or a 4 minute car passenger ferry ride. Buy your "Paradise Cottage" today!!!!
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Our Executive Mortgage Banker:
Our Insurance Division:
$1,395,000
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 Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
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|---|---|---|---|
| Loan Amount | $1,116,000 | $1,116,000 | $1,116,000 |
| 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% | 6.110% | 6.058% |
| Monthly Tax Payment | $357 | $357 | $357 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $6,424 | $6,691 | $9,342 |
| Total Monthly Payment | $6,906 | $7,173 | $9,824 |
* 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.