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EST. COMPLETION DATE; LATE SPRING/EARLY SUMMER, 2025: Designed by local architect Joel Adrian of Studio 291, and built by Rhodes Residential Builders, 2870 I'on Avenues situated on a corner lot on the northern end of the island, in a quiet area between Stations 28 1/2 and 29. This home is a just a short walk to the beach. Features include Custom cabinets, high-end appliances, standing seam metal roof, natural stone countertops, designer tile, wood plank floors, designer lighting, and large outdoor porch over looking the pool. . An inviting entry leads to a custom kitchen/dining area with large island. Near the sliding glass doors to the porch is a wet bar. A glass enclosed wine cooler separates the kitchen/dining area from the living room, which includes a fireplace with built-insThe primary bedroom suite is located on the main level, and includes vaulted ceilings, a soaking tub, massive shower and a massive walk-in closet. There is also a closet with washer/dryer connections within the suite. A guest suite, including en suite bath and custom closet is at the front of the house and could be used as an office. From the kitchen/dining area, open the sliding glass doors to bring the outside in. A porch overlooks a massive pool, with built-in outdoor kitchen and seating areas underneath poolside. At the top of the stairs there is a sitting area, perfect for relaxing or reading a book. The laundry room is just to the right of this sitting area. Down the hall, there are three large bedrooms with en suite baths and spacious closets.
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5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $5,960,000 | $5,960,000 | $5,960,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.250% | 6.625% | 6.500% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.911% | 6.764% | 6.726% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $36,697 | $38,163 | $51,918 |
Total Monthly Payment | $36,822 | $38,288 | $52,043 |
* 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.