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Presented by
Alexandrine Miller |
Whether you're looking to create your own masterpiece from scratch or looking for an immaculate move-in ready condo, this fine home is the perfect match, priced to go either way and it's the largest condo within Independence Bay. This 2nd floor Madison 2 lakefront corner unit has 3 extra windows for lots of natural light and a huge front flex room which could be used as a 3rd bedroom, a home office or a workout room. The large master bedroom features an additional sitting area which could also be used for a home office or your newborn child's crib area. This condo association has 10% of its annual income in its reserves so your buyer doesn't have to put down 25% of the purchase price when financing. Independence Bay is a safe 24 hour guard gated resort-like community with 5 heated pools, 4 tennis courts, 2 pickle ball courts and a fully equipped fitness center. (Please see the photos) It's centrally located to Florida's turnpike, the Sawgrass Expressway and I-95 for the commuter and a short drive to Deerfield's famous beach and fishing pier.
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Our Executive Mortgage Banker:
Our Insurance Division:
$260,000
Sales Associate
William Raveis Real Estate
Phone: 978.483.1723
Alexandrine.Miller@raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 781.490.5670
Andrew.vanDyk@raveis.com
NMLS Mortgage Loan Originator ID 23716
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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 | $208,000 | $208,000 | $208,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.875% | 6.125% | 5.375% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.357% | 6.304% | 5.648% |
| Monthly Tax Payment | $544 | $544 | $544 |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $1,230 | $1,264 | $1,686 |
| Total Monthly Payment | $1,849 | $1,883 | $2,305 |
* 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.