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See this beautifully renovated, lake-front townhome superbly located in the picturesque, walkable, gated Monterey Lake community. Brand-new, high-end renovation features premium kitchen cabinets, new fixtures, quartz countertops, all new appliances. All new flooring, lighting ceiling fans, vanities. Media room and remote-controlled designer blinds. Stunning, enclosed air-conditioned lake-view patio and open-air patios, front and rear. Spacious master suite has custom-fitted walk-in closet. Huge second-level balcony also with lake views. Two additional bedrooms, with new custom closets. All windows, doors, sliding glass doors, and garage door are hurricane-rated, assuring your comfort and security for years to come. Vibrant Delray Beach shopping, entertainment, golf, and beaches nearby. Location, Location, Location!! You will be in close proximity to all the best services - shopping, golf, beaches, and entertainment in vibrant Delray Beach - and blocks from Boca Raton. Half-mile to Delray Medical Center Hospital (Level I Trauma Center) within its 42-acre medical center complex. Just two miles from Atlantic Ave. Only four miles to Downtown Delray Beach, four miles to beautiful Atlantic Dunes Beach, four miles to downtown Boca Raton. Monterey Lake residents enjoy resort-style community amenities, including a lakefront pool and hot tub, updated clubhouse, fitness center, shuffleboard, tennis/pickleball and basketball courts, amidst beautiful and walkable neighborhood. HOA fee includes exterior wall and roof maintenance, roof replacement, and gated security as well as cable and internet. Easy access to Florida Turnpike, I-95, Brightline Train, Tri-Rail Train, Palm Beach International Airport, Ft. Lauderdale International Airport, Miami International Airport, Port Miami Cruise Port, and Port Everglades Ft. Lauderdale Cruise Port. Broker Only Remarks: No lease first two years of ownership. Min lease is 365 days. HOA Capital Contribution of $2, 556 due from Buyer at Closing. Monterey Lake of Boca Delray HOA c/o Superior Association Management 20283 State Rd 7, Suite 219
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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 | $503,200 | $503,200 | $503,200 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 6.000% | 6.375% | 5.625% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.395% | 6.533% | 5.900% |
| Monthly Tax Payment | $593 | $593 | $593 |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $3,017 | $3,139 | $4,145 |
| Total Monthly Payment | $3,702 | $3,824 | $4,830 |
* 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.