Newly remodeled 2 bed/2 bath waterfront condo in the private, guard-gated Arlen House, just steps from the beach. Located on the eighth floor, this unit boasts high ceilings, new recessed lighting, new porcelain tile floors, and stunning north-facing water views from every room. The wide-open layout features a new eat-in kitchen with quartz countertops, new custom bathrooms, and an oversized primary suite with a large walk-in closet. This unit is protected by High-impact doors and windows and offers one assigned parking space. Prime location, across the street from the beach and the Ritz-Carlton! Resort-style amenities include a secured lobby, gym, tennis courts, a large pool area, game room, 24HR valet, a delicious on-site restaurant, plus access to the private Marina!
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Our Executive Mortgage Banker:
Our Insurance Division:
$498,500
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 | $398,800 | $398,800 | $398,800 |
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 | 7.477% | 7.159% | 6.498% |
Monthly Tax Payment | $501 | $501 | $501 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $2,653 | $2,651 | $3,419 |
Total Monthly Payment | $3,229 | $3,227 | $3,995 |
* 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.