Ocean View! This sale includes 4736 and 4738 S Atlantic Ave. Parcel IDs are 641903002830 & 641903002840. This gives you a total of 110 foot of A1A frontage and 112 feet of sides for almost half an acre of land directly across from the ocean. Perfect opportunity to build your dream home on these two lots. Very sought after location that features a walkover to the white sandy beach that is literally located directly across from the corner of the lots, with a 70' easement for walkover. All around, you have million-dollar homes. These two lots allow you to build 1 single family residence, just minutes away from disappearing island, the inlet and well known restaurants. Welcome to Paradise! Owner has already done the soil samples, which can allow for the build of up to a three story home and has the reports that will be provided to the purchaser after signed contract. All information recorded in the MLS intended to be accurate but cannot be guaranteed.
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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 | $360,000 | $360,000 | $360,000 |
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 | N/A | N/A | N/A |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $2,187 | $2,187 | $2,845 |
Total Monthly Payment | $2,262 | $2,262 | $2,920 |
* 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.