One or more photo(s) has been virtually staged. NO ISSUES DUE TO HURRICANE HELENA! ~ Milestone report complete ~ Price reflects upcoming assessment to replace hurricane rated windows and sliders. ~ Investment opportunity. Property is leased with an annual tenant starting March 15, 2024 that is paying $2, 100/month ~ Experience the ultimate island lifestyle in this sought-after community of Island Estates! This condo is the best value on the island!! With 1, 235 sq ft this is one of the largest 1 bedroom condos on island, recently updated, and offering 2 full bathrooms! Located on the 2nd floor of a well-maintained building in the coveted Island Way community, and featuring two full balconies with complete privacy, this property offers the ultimate Florida lifestyle. This community offers all the conveniences you need on-island, including shopping, banking, dining, quick mart, banks, Publix, UPS store, nail salon, & a dry cleaner. Located less than 2 miles from the beautiful sugar-white sands of award-winning Clearwater Beach, & with a Jolly Trolly stop right outside the building, getting to the beach is a breeze! As you enter this condo, you are greeted by a large open living room filled with natural light from the multiple sliders leading to the first of two private balconies. The interior was updated about 5 years ago and features elegant granite countertops, laminate floors, & easy-care tile in the kitchen and baths. The open-concept living space is ideal for entertaining, with a spacious & airy feel that seamlessly leads to the balcony and into the kitchen. The kitchen boasts lots of storage and plenty of counter space perfect for preparing meals or hosting gatherings with friends & family. Both balconies provide the ultimate private escape to enjoy nearly year-round sun and indoor/outdoor living. Guests have access to a full bathroom with walk-in shower at the entrance of the unit. The primary suite offers ample space with a large ensuite bathroom with a soaking tub, private balcony, and a large closet with organization system. Additional features of this extra large 1 bedroom condo include an in-unit laundry closet, secure entry lobby, & covered parking. This building offers everything needed for recreation, including a fishing dock & the option to purchase a boat slip when available, a resort-style geothermal pool, fitness area, & community rooms with a catering kitchen, a tennis court, clubhouse, & saunas. The building itself underwent major capital improvements in 2017, including a partial roof replacement, elevators, cosmetic upgrades in the lobby, fresh coat of paint on the outside, & an expansive new pool deck with tiki huts. One pet is welcome up to 25 lbs & there's a 6-month+ rental policy, making this a perfect option for those that want low maintenance living with rental options. The maintenance fee covers: maintenance of building & grounds, escrow reserve funds, exterior insurance, sewer, trash, water, basic cable, & internet. This building is well maintained and well funded. Enjoy peace & quiet island life with easy access to highways, Tampa International Airport (TIA), International Plaza & Bay Street in Tampa, downtown St. Pete, and all the cultural, shopping, entertainment, and culinary experiences that make the Tampa Bay Area a great place to live, work, & play. Schedule your private showing today!
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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 | $279,200 | $279,200 | $279,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.990% | 6.250% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.477% | 7.159% | 6.498% |
Monthly Tax Payment | $381 | $381 | $381 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,858 | $1,856 | $2,394 |
Total Monthly Payment | $2,314 | $2,312 | $2,850 |
* 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.