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In the market for a beach front condo? Why pay millions when you can own this one at a fraction of the price, with lower fees and yes the beach is just steps away directly across the street. This condo is really as good as it gets, 1st is its the best location on of Marco island, 2nd the price for this condo compared to the high-rise condos on the beach, 3rd the condo fee are approx. $500. 00. That's just for starters your options are you can live here, or use it in or out of season and best of all, you can rent it out up to 12 times a year. Yes 12 times per year use it for free, just rent it out a few months during the year and your costs are covered. Or option 2 use it as an amazing investment opportunity to generate cash flow all year long. This unit is a first floor, ( NO STAIRS) 2 bedroom, 2 bath with an enclosed screened patio and Lanai, full size washer and dyer, both baths are full baths and an amazing amount of natural light throughout . This units is meticulously maintained and generates over $11, 000. 00 for only three months and that's the friends and family price. Some of the recent upgrades are New 100 amp breaker panel - 2023 $3. 000. 00, GFI/receptacle upgrade for code - 2023 $350. 00, New water heater - 2023 $1, 425. 00, New outdoor A/C unit replacement and preventive maintenance 2025 $3, 175. 00, new dishwasher 2025 $800. 00. That's over $9, 000. 00 in new upgrades alone. You can walk to all of Marco Islands best shopping and dining just outside your front door and the beach and Marcos world class sunsets are directly across the street.
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Our Executive Mortgage Banker:
Our Insurance Division:
$489,000
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
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $391,200 | $391,200 | $391,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.375% | 6.875% | 5.875% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.007% | 7.063% | 6.132% |
Monthly Tax Payment | $247 | $247 | $247 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $2,441 | $2,570 | $3,275 |
Total Monthly Payment | $2,763 | $2,892 | $3,597 |
* 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.