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A 5-minute walk to Weirs Beach & Boardwalk. This property is turnkey, fully furnished, & ready for enjoyment. 4-season short-term rental opportunities with the association providing some appealing amenities for your guests. Being offered is unit #104-104A, consisting of 2 separate garden-level rooms that each come with a private terrace sitting area. Both rooms have been beautifully updated & are well-appointed. Unit 104 is currently set up as an owner's unit & offers a full kitchen with a dishwasher & stone countertops ideal for preparing meals or entertaining guests. A freshly renovated bathroom awaits, custom closet area for storage. Head over to the 2 queen bed unit which has also been renovated to include modern finishes. Another gorgeous bathroom & perfectly equipped kitchenette. Mini fridge, microwave, toaster oven, & kitchen tools for a comfortable guest stay. Many additional room amenities will be included to make for an easy transition to new ownership. Step outside to take in the sunrise while sipping your morning coffee. Even better, watch the Weirs Beach fireworks in the comfort of your property with cocktail in hand. Association amenities include a new pool, hot tub, observation deck & lounge area, basketball/tennis court, and firepit. This property truly offers a unique opportunity for that Lakes Region getaway you have always wanted while helping to generate income for affordability. A quick close is possible so you can make some amazing memories this summer!
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5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $212,000 | $212,000 | $212,000 |
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 | 7.841% | 7.159% | 6.518% |
Monthly Tax Payment | $156 | $156 | $156 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,410 | $1,409 | $1,818 |
Total Monthly Payment | $1,641 | $1,640 | $2,049 |
* 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.