Presented bySteven Kapfhammer |
Incredible Opportunity to own in Olde Naples for yourself or as an Investor. Priced considerably under market value and is being sold "as is" with a right to inspect. Discover how charming it is to live in Olde Naples with this conveniently located ground floor 1 bedroom and 1 bathroom condominium in a smaller professionally managed building within walking distance to several parks, the beach, Naples Bay, chic neighborhood restaurants and shopping. This is the perfect pied a Terre for the season, or an overflow suite for family or guests, or just a place to reside when you disembark from your boat docked nearby. This condominium is an end unit with ample natural light and windows. The upgrades also reflect that the HVAC unit and hot water heater are new. The wainscotting in the living room and kitchen creates a refined aesthetic to this lovely condominium with ample closet space for storage. The interior finishes and the new stainless appliances, subway tile backsplash, granite countertops and new cabinetry create a beautiful yet functional kitchen. A painted wood accent wall in the bedroom finishes the space nicely with a fully renovated bathroom consisting of a tile shower, tile floor and chrome fixtures and accents. This unit also has the wall space to accommodate a large TV in the living room as well as the bedroom. Step outside your front door to a beautiful patio for this complex where you can enjoy the sun or an umbrella to provide coverage from the sun in this tranquil and peaceful environment. This unit is equipped with storm shutters, a flood gate, and has access to a dedicated storage closet and laundry room. Don’t miss the chance to see one of the few properties in Olde Naples that are priced well below market and requires a minimal amount of upgrades and renovation. The association fees are very reasonable and make this a very attractive choice for a savvy buyer.
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Our Executive Mortgage Banker:
Our Insurance Division:
$350,000
Sales Associate
William Raveis Real Estate
Phone: 617.308.6655
Steven.Kapfhammer@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 | $280,000 | $280,000 | $280,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.250% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.655% | 7.146% | 6.276% |
Monthly Tax Payment | $180 | $180 | $180 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,910 | $1,861 | $2,361 |
Total Monthly Payment | $2,165 | $2,116 | $2,616 |
* 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.