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CONSISTENT INCOME producing unit with a three-day minimum at beach front Sandy Shores. Two hurricane rated sliding glass doors open to a lovely balcony for a peekaboo beach view and a direct view of the Madeira Beach-Treasure Island drawbridge opening upon the ship’s request from the balcony, living room and kitchen table. Never a dull moment being directly across the street from the renowned John’s Pass Village and Boardwalk with waterfront dining, shopping and boating. For more than 40 years, the historic John's Pass Village & Boardwalk has been transformed into a venue for the John's Pass Seafood Festival, a wildly popular celebration of fresh Gulf seafood, currently held every fall. Year round the unit is open, light and bright with updated appliances and ceramic tile flooring throughout. Oversized master bedroom ensuite complete with a spacious walk-in closet. Sold fully furnished right down to the housewares. White plantation shutters cover the master bedroom windows and sliding glass doors to add enhanced privacy as well as additional light and sunlight barriers. Of Sandy Shores 55 units every balcony has been structurally inspected and repaired to pass Milestone Report. The complex boasts a new roof, fresh paint, repaved parking area and a new building generator. The extremely popular short-term rental complex is on 130 feet of private gulf frontage. Sandy Shores provides a beautiful resurfaced, heated beach front pool with remodeled pool bath, both secured by a new vinyl fence with tiki huts, grill station, picnic tables and colored lighting in the pool area. The seller states it best, "The only thing separating you from the beach is the pool!"
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Our Executive Mortgage Banker:
Our Insurance Division:
$515,000
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 | $412,000 | $412,000 | $412,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.625% | 6.625% | 5.750% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.133% | 6.739% | 5.952% |
| Monthly Tax Payment | $589 | $589 | $589 |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $2,372 | $2,638 | $3,421 |
| Total Monthly Payment | $3,053 | $3,319 | $4,102 |
* 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.