Highly desirable PALM model in Building 3 at The Grove Resort and Water Park for sale! This 2-bedroom/2-bathroom condo is located on the fourth floor, overlooking the central fountain location at The Grove. Primary bedroom has a king bed, and the second bedroom has two double beds, along with a sleeper sofa in the living room. This is a great vacation rental property which is managed by the onsite management company, allowing owners stress-free ownership! Amenities include the Surfari water park with large heated pool, lazy river, water slides, surfing, and the Longboard Bar and Grill. Three further pools are located at the Springs Pools, with hot tub, restaurant, and 24-hour access gym. Lake Austin has kayaking, swan paddle boats, and you can fish from the dock! Banquet rooms are onsite for weddings, events, meetings etc. Activity Centre is great for creative activities, and the resort always has exciting events for guests and their families!! Free shuttle to Disney is available daily, and the location is only minutes away from all theme parks, restaurants, and shopping. Don't miss out on this opportunity to vacation at The Grove, and have income when you are not using your condo!
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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 | $272,000 | $272,000 | $272,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.375% | 7.125% | 6.375% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 8.011% | 7.308% | 6.644% |
Monthly Tax Payment | $493 | $493 | $493 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,879 | $1,833 | $2,351 |
Total Monthly Payment | $2,447 | $2,401 | $2,919 |
* 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.