It's Got the Amenities, the Location, and Affordability | There are less than five properties in Naples that are under $320, 000, have a minimum of three bedrooms and two baths, are concrete block construction, and under $500 a month for condo/HOA dues. This is one of them! Factor that in with a location that is ten minutes to I-75 and 15 minutes to Downtown Fifth Avenue and you have found a great place to call HOME. This top-floor end-unit backs to a peaceful preserve area where you can enjoy the serenity of your balcony without the traffic noise many other places have. The unit features vaulted ceilings and provides quick, private, access up one flight of stairs that are only for you and one other unit. You will appreciate that the entire unit has tile floors, no carpet here. The owner updated both bathroom vanities and the master bathroom shower. The split-bedroom floor plan allows your family or guest plenty of privacy. We all know about the large increases to ownership associated with the condo dues in Florida and with this property you still get a gated entry, a clubhouse with billiards, exercise room, pool/spa, a tennis court, BBQ area, and racquetball courts for under $500 a month. This also includes your water/sewer and lawn maintenance. If you are looking for an investment property, all this coupled with a favorable rental policy, makes this a great choice for you too! This summer U. S. News crowned Naples the best place to live in Florida. This is a great opportunity to get ownership of a piece of paradise.
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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 | $255,920 | $255,920 | $255,920 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.125% | 6.125% | 4.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.483% | 6.273% | 5.268% |
Monthly Tax Payment | $103 | $103 | $103 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,555 | $1,555 | $2,022 |
Total Monthly Payment | $1,733 | $1,733 | $2,200 |
* 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.