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You will love this 2 BR, 2Bath residence in The Laurels at Margate. It truly feels like a home, especially with its enclosed porch featuring a charming marine theme w/ storage and adding 100sqf. The unit offers a renovated kitchen with stainless steel appliances, impact windows throughout, new A/C system, tankless water heater and full-size washer and dryer. The building has a new roof fully paid, with newly paved parking lots, adding long-term value and peace of mind. The association maintains full reserves and insurance in accordance with lender requirements. The HOA covers water, trash, roof maintenance, on-site property management. There are no special assessments on the horizon. The Laurels is known for its lush landscaping and peaceful atmosphere, ideal for walking and enjoying the outdoors. Amenities include barbecue areas, tennis, soccer and basketball courts, a fitness center, a clubhouse with billiards, and a heated pool for year-round enjoyment. The location is exceptional: Walmart and other shops are right across the street, along with banks, restaurants, schools, medical clinics, and pharmacies all within walking distance. Just minutes away is the Pompano Beach, where the coastline comes alive with oceanfront hotels, great restaurants, lively bars, beach games, fishing, jogging paths, water sports, and live music-offering both relaxation and vibrant energy all year. Eligible buyers may finance conventionally with as little as 5% down, subject to qualification.
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.
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Our Executive Mortgage Banker:
Our Insurance Division:
$212,000
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 | $169,600 | $169,600 | $169,600 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.625% | 6.125% | 5.375% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.258% | 6.292% | 5.648% |
| Monthly Tax Payment | $37 | $37 | $37 |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $976 | $1,031 | $1,375 |
| Total Monthly Payment | $1,088 | $1,143 | $1,487 |
* 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.