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This is your opportunity to have a condo in Bay Island's Ambassador building with a pool, water view, and an assigned covered parking spot. The condo association is replacing the storm damaged sheetrock, electric and plumbing. The seller is having the kitchen corner wall removed and new lower cabinets and countertop installed looking out to the back of the condo. All the additional lower cabinets are the same as the upper cabinets and expected to be installed in a few weeks. All new appliances are being installed as well. The flooring throughout will be replaced with a white and gray veined marble look laminate with the living/dining area, kitchen and hall painted a light gray. Both bedrooms and baths will be painted in tropical colors. One of the best features you will enjoy are the 3 connecting patios all across the back of the condo. The living area and both bedrooms open to these patio spaces. Perfect to entertain or just spend some quiet time to relax. The 3 sets of sliding doors are brand new and hurricane rated. You will find more activities and amenities than you can imagine in Bay Island. While the Ambassador building has its own pool, the clubhouse has a pool as well as a fitness center, meeting rooms, library, sauna, rooms for playing pool and ping pong, banquet room with kitchen, entertainment room with a stage. You can play tennis, shuffleboard or enjoy the grill and patio for outdoor cooking. Let me know if the buyer is interested in a boat slip.
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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
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $319,200 | $319,200 | $319,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.500% | 6.875% | 5.875% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.058% | 7.063% | 6.132% |
Monthly Tax Payment | $406 | $406 | $406 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $2,018 | $2,097 | $2,672 |
Total Monthly Payment | $2,499 | $2,578 | $3,153 |
* 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.