Don't miss out on this Direct Oceanfront Condo in New Smyrna Beach, located on the pristine NO-DRIVE BEACH, featuring two large oceanfront balconies and being sold designer-furnished turnkey. Wake up to stunning sunrises over the Atlantic Ocean in this completely renovated unit within a phenomenal building that boasts interior walkways, a heated pool and spa, sauna, shuffleboard, BBQ area, on-site management, secure underground parking, and an owner's storage locker. This unit lives like a home, with an open family room offering panoramic ocean views, an electric fireplace in the living area with stone accent wall, a large dining room with a built-in china cabinet/dry bar, and a new high-end kitchen at the center of it all. The primary bedroom suite includes a private oceanfront balcony, an ensuite bathroom with a modern rainfall shower head and body jets, dual vanity with quartz counters, updated fixtures, and a walk-in closet. The spacious guest bedroom is down the hall for added privacy, and there’s a second full bathroom as well. Recent upgrades totalling well over $100K include all-new plank tile flooring, kitchen cabinets, quartz counters, backsplash, high-end appliances, a renovated primary bath, wainscot in the foyer and hall, new ceiling texture, ceiling fans, new base boards and casing/trim, crown molding, new light fixtures with recessed LED lighting, new AC, new water heater, new electric fireplace, added shiplap accent walls, new interior doors and hardware, and Hurricane Impact Glass windows and sliders. Whether for personal use or investment, the on-site rental manager helps to ensure excellent rental income (Average Rent $3K/week and $11K/mo). High speed internet and cable included in condo fees. Where else can you find all this for less! ALL INFORMATION IS ASSUMED ACCURATE BUT NOT GUARANTEED. ALL MEASUREMENTS ARE APPROXIMATE. BUYERS AND THEIR AGENTS SHALL VERIFY ANY INFORMATION DEEMED IMPORTANT TO THEM.
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Our Executive Mortgage Banker:
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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 | $632,000 | $632,000 | $632,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.125% | 7.125% | 6.375% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.880% | 7.295% | 6.644% |
Monthly Tax Payment | $681 | $681 | $681 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $4,258 | $4,258 | $5,462 |
Total Monthly Payment | $5,031 | $5,031 | $6,235 |
* 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.