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Welcome to 172 Young Drive, located in sought-after Oakland Farms. Nestled near the peaceful surroundings of St. Mary's Pond, this UPDATED 3-bedroom, 2-bathroom single-level condo offers the perfect blend of privacy, comfort, and convenience. Step inside to discover a spacious, open-concept layout with numerous recent updates that enhance both style and functionality. The living and dining areas flow effortlessly into the kitchen, ideal for everyday living and entertaining. The primary suite features a 2 walk-in closet and an en-suite bath, while two additional bedrooms offer flexibility for guests or a home office. Whole house generator. Enjoy serene outdoor living on the deck, surrounded by lush landscaping and mature trees. With one-level living, an attached garage, and close proximity to walking trails, beaches, and Newport, this condo offers the perfect coastal lifestyle. Don't miss your chance to own a turnkey home in Oakland Farms schedule your private showing today! CONDO FEE: $798. 00/month + $1, 183/month to go toward the special assessment(thru aprox. 2038) = TOTAL FEE: $1, 981. 00/month
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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 | $796,000 | $796,000 | $796,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.500% | 6.625% | 6.000% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.614% | 6.727% | 6.183% |
Monthly Tax Payment | $696 | $696 | $696 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $4,520 | $5,097 | $6,717 |
Total Monthly Payment | $5,308 | $5,885 | $7,505 |
* 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.