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Nestled within the gated community of The Colony at Delray Beach, just approximately 10 minutes from the famed Atlantic Avenue, this spacious and light-filled residence offers an exceptional blend of comfort, privacy, and everyday convenience. Soaring two-story ceilings and expansive windows fill the home with natural light, creating an inviting sense of openness throughout. Designed with both functionality and flexibility in mind, the residence offers approximately 3, 000 square feet of living space, featuring a desirable first-floor primary suite, additional guest bedrooms, a loft, three-and-a-half baths, and a two-car garage. The generously sized kitchen overlooks the family room, creating a seamless setting for daily living and entertaining alike. Privately positioned with lush greenery beyond, the screened patio provides a tranquil outdoor retreat with no immediate rear neighbors. Residents of The Colony enjoy a low HOA and access to an impressive collection of amenities, including a gated entrance, resort-style pool, fitness center, basketball court, playground, and community events throughout the year.
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$825,000
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 Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
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|---|---|---|---|
| Loan Amount | $660,000 | $660,000 | $660,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.750% | 6.000% | 6.000% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.251% | 6.086% | 6.183% |
| Monthly Tax Payment | $931 | $931 | $931 |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $3,852 | $3,957 | $5,569 |
| Total Monthly Payment | $4,875 | $4,980 | $6,592 |
* 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.