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Rare half an acre on East Lakewood Road. One of West Palm Beach's most prestigious addresses in the Southend (SoSo) neighborhood. 6, 000 square feet of thoughtfully designed living space offers charm with modern sophistication. Sale includes 245 Puritan Rd, which will give you a truly spectacular and unique property. This beautiful home has 6-bedrooms plus an office space, 6-full bathrooms and a powder room. Features includes a first floor Master Bedroom, an open-concept floor plan with beautiful high ceilings, wide plank wood flooring, and exceptional natural light throughout. The chef's kitchen has professional grade appliances, double dishwasher, wine fridge, custom cabinetry, and an island perfect for large gatherings. The first floor has multiple living areas for separation, a primary bedroom suite and two guest bedrooms each generously sized with en-suite bathrooms. The second floor includes an additional 3-bedrooms and a large living area that leads out to the deep covered balcony. East Lakewood Road is known for its architecture, beautiful landscaping, and proximity to all that Palm Beach has to offer. A truly rare property in one of the city's most coveted neighborhoods providing the perfect blend of comfort, luxury, and privacy. Additional Remarks: - East Lakewood Road is being scheduled for utility under grounding.
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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 | $7,596,000 | $7,596,000 | $7,596,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 6.000% | 6.250% | 6.000% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.350% | 6.349% | 6.183% |
| Monthly Tax Payment | $8,525 | $8,525 | $8,525 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $45,542 | $46,770 | $64,099 |
| Total Monthly Payment | $54,191 | $55,419 | $72,748 |
* 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.