Take a good, hard look at this wonderful investment - a beautifully redone condo at the exclusive Fairwinds Shores condominium with a proven rental track record! You will be impressed by the beachy, yet comfortable, furnishings, housewares, and home decor - all of which convey with the sale. This one will be turn-key, in order for you to maximize your time - AND to maximize those renters who will want to come and enjoy the direct ocean views from the 4th floor balcony. This condo, though used by its owners, was a very prolific rental with more than $20, 000 annual rental income. This condo features a remodeled kitchen with stainless appliances, lovely granite, high-quality cabinets and a wet bar for entertaining friends and family. The low-maintenance tile and luxury vinyl flooring extends throughout the home and gives it that open and airy feel. The convenience of in-unit laundry, fresh paint, and "newer everything" make this condo truly stand out. Feel sure with the electric storm shutters. Enjoy your wine or coffee from the balconies off the living room and primary bedroom. Plenty of storage here, in the spacious closets in the unit, as well as in the storage room for owners. Fairwinds Shores also has amazing amenities for your enjoyment including a sparkling pool, tennis courts, beach access, and close proximity to parks, restaurants, shops, bars - and both Flagler Beach and Ormond Beach are just a short car ride away. Fairwinds Shores just completed a new roof in 2024, as well as just having undergone parking lot renovations and new exterior painting and stucco. Some of the best ocean views you will find anywhere and one of the best, no-drive beaches are located just on the other side of the dunes at Fairwinds Shores. All information taken from the tax record, and while deemed reliable, cannot be guaranteed.
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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 | $263,200 | $263,200 | $263,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.375% | 6.125% | 4.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.512% | 6.273% | 5.248% |
Monthly Tax Payment | $361 | $361 | $361 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,642 | $1,599 | $2,080 |
Total Monthly Payment | $2,078 | $2,035 | $2,516 |
* 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.