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Top-Floor Preserve View Condo in Baymeadows - Quiet, Private & Strong Investment Potential
This one is all about position and potential.
Top floor units in this community don't come up often--and for good reason. No one above you, better natural light, and more privacy. This unit backs to a preserve, so instead of looking into another building, you get a quiet, peaceful setting.
Right in the heart of Baymeadows, you're minutes to everything--restaurants, shopping, major highways, and an easy drive to downtown. It's one of the most convenient locations in Jacksonville.
The layout is what makes this work.
Three bedrooms, two baths--ideal for both end users and renters. That's a much more desirable setup than the typical 1-2 bedroom units in the area.
It's currently tenant-occupied, making this a true plug-and-play investment opportunity. . . highly rentable! And here's the upside most buyers miss:
The unit is in original condition, which means you're not paying for someone else's upgrades. You can come in, make targeted improvements, and force appreciation while increasing rental value.
Community amenities include a pool and fitness center, adding to both lifestyle and rental appeal.
If you're looking for:
" A low-maintenance property
" Strong rental demand
" A quiet, top-floor location
" And the ability to add value
This is a smart buy.
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:
$189,000
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 |
|
|---|---|---|---|
| Loan Amount | $151,200 | $151,200 | $151,200 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 6.125% | 6.490% | 5.750% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.424% | 6.628% | 5.933% |
| Monthly Tax Payment | N/A | N/A | N/A |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $919 | $955 | $1,256 |
| Total Monthly Payment | $994 | $1,030 | $1,331 |
* 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.