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Tremendous opportunity to own a Southern facing carriage home in West Bay Club with golf course view and TRANSFERRABLE GOLF MEMBERSHIP. Buyer can enjoy golf privileges immediately upon closing. The unit did experience damage from Hurricane Ian, and is being sold AS IS, but is being completely restored back to its original, pre-storm condition. Velocity Construction has been hired to handle all restoration work, which is being paid by the condo HOA insurance claim. Full restoration expected to be completed by August 2023. There will be an opportunity for the buyer to make changes and upgrades during the renovation. Photos shown in the listing are pre hurricane. The post storm condition can be seen in the virtual tour link. Property ownership in West Bay Club offers access to the private beach club on Bonita Beach, a resort-style clubhouse pool, with restaurant/bar, fitness center, basketball court, pickleball courts, and top tennis facility. Riverpark has a boat launch, fishing pier, and playground. Amenities galore in this exclusive, gated golf community!
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Our Executive Mortgage Banker:
Our Insurance Division:
$775,000
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 | $620,000 | $620,000 | $620,000 |
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 | 7.083% | 7.063% | 6.152% |
Monthly Tax Payment | $608 | $608 | $608 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,919 | $4,073 | $5,190 |
Total Monthly Payment | $4,619 | $4,773 | $5,890 |
* 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.