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Great opportunity to purchase a two-bedroom condo that’s popular design is often used for rental income. The 2nd bedroom, considered the studio lockout, is an ensuite with its own private bathroom and private screened balcony; cathedral ceilings, mirrored accent wall, walk in closet; a wet bar with a microwave and a small refrigerator. The primary bedroom has a private screened balcony facing West. This bedroom also has cathedral ceilings, a walk in closet, an entryway to the bathroom that has a double vanity with granite countertop, a linen closet and a walk in shower. The kitchen has stone counter tops, three windows, and stainless appliances with an LG three door refrigerator. The Carrier AC system with WIFI thermostat has a splitter so the studio can maintain a separate temperature than the rest of the condo. The interior of the condo and ceiling is being professionally painted and should be completed by January 22nd. The indoor utility room with washer and dryer is close to the living room. This condo comes with one covered parking space. The building has an elevator and stairs on both ends of the building. The garbage shoot is less than 50ft from the front door. Just outside the main entry is the fire alarm. Paradise Lakes is a world renown gated nudist community which features many amenities one can enjoy with a paid membership to the club. The resort has a nightclub, restaurant, Key West pool bar, scheduled entertainment, Karaoke, Water Volleyball pools, heated pools and hot tubs and pickle ball courts. Schedule your appointment today. MORE PHOTOS COMING SOON!
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Our Executive Mortgage Banker:
Our Insurance Division:
$240,000
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 |
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|---|---|---|---|
| Loan Amount | $192,000 | $192,000 | $192,000 |
| 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 | $161 | $161 | $161 |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $1,060 | $1,136 | $1,531 |
| Total Monthly Payment | $1,296 | $1,372 | $1,767 |
* 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.