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You get the home and the land at this incredible price! Enjoy the current home immediately or build a brand new stilted single-family home with the included building right that conveys with the property. This classic Keys retreat is nestled in the heart of Marathon, a prime location for those looking to indulge in all things Florida Keys. Move in ready, the newly remodeled interior of this 2-bed, 1-bath home comes furnished & features a new A/C and tankless water heater. Enjoy the convenience of a spacious enclosed laundry & storage room that can be accessed from the interior or exterior, with an addition of an outdoor storage shed as well. The property offers a low maintenance gravel lot, the 3rd largest in the community, providing ample space for parking multiple vehicles & boat trailers At Key By The Sea, residents can take advantage of the convenient & protected onsite boat ramp, community dockage & immediate ocean access. At the base of the canal sits a large clubhouse with a spacious covered outdoor entertaining space equipped with multiple seating areas, TV, ping pong tables & an indoor hall perfect for private parties and functions. At the mouth of the canal sits an oceanfront pavilion, a favorite for happy hour & BBQS. The community is pet-friendly, has additional laundry facilities & an onsite manager for added convenience. The property is walking & biking distance to grocery stores, shops, & restaurants, with the stunning Sombrero Beach just minutes away. With low association fees, a newly remodeled home & fantastic community amenities, this property offers the ideal Florida Keys lifestyle at an affordable price. Hurry, this is highly desirable, & won't last. Don't miss out on this opportunity to live the island life today.
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RVP, Mortgage Banker
William Raveis Mortgage, LLC
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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 |
|
|---|---|---|---|
| Loan Amount | $263,200 | $263,200 | $263,200 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.875% | 6.250% | 5.375% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.357% | 6.431% | 5.648% |
| Monthly Tax Payment | $230 | $230 | $230 |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $1,557 | $1,621 | $2,133 |
| Total Monthly Payment | $1,862 | $1,926 | $2,438 |
* 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.