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Note: This is NOT a 55 Plus community. All ages community. Non HOPA. Pets allowed with restrictions. Conveniently located near GL Homes luxury communities, including Lotus Palm and Lotus Edge with easy access to Glades Road. Spacious corner 2 bedroom condo in a secure gated community with a screened patio. Unit offers great potential for renovation, with kitchen and bathrooms ready for updating. Well maintained in original condition, it is an excellent opportunity to customize and add value. Convenient central Boca Raton location on Glades Road with easy access to the Turnpike and I-95. Close to shopping, dining, and supermarkets. Very central location with everyday convenience. Ideal for primary residence, seasonal use, or investment property. Rentals permitted per association guidelines Unit is in original condition and livable, offering buyers the opportunity to update and customize to their preference. Kitchen and bathrooms are functional but dated. Excellent potential for value add improvements. Convenient central Boca Raton location on Glades Road with easy access to the Turnpike and I-95. Close proximity to shopping, dining, and supermarkets. Please refer to HOA rules and guidelines for leasing and occupancy restrictions. Ownership requirements before leasing : Minimum lease term is 90 days. Maximum lease term is 183 days. No annual lease allowed ( 12 months) Only short term leases are permitted. Occupancy limit to 3 people for the 2/2 units. This is still good for your investors buyers! HOA very low and they can lease their units, most places have high HOA fees and they don't allow renters. Bring me a pre approved buyer!
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5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
|---|---|---|---|
| Loan Amount | $223,200 | $223,200 | $223,200 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.875% | 6.375% | 5.625% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.230% | 6.512% | 5.866% |
| Monthly Tax Payment | $317 | $317 | $317 |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $1,320 | $1,392 | $1,839 |
| Total Monthly Payment | $1,712 | $1,784 | $2,231 |
* 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.