According to analysts, there will be a 4% increase in home prices by 2025. . . and with dropping interest rates, I'd schedule a showing today of this promising property before you tell yourselves, "Shoulda', coulda', woulda'. . . "
The average rate on a 30- and 15-year mortgage is around 6. 0% - 6. 7%! Maybe you ought to call your lender now because as interest rates drop, the demand for housing will increase. . . so don't miss out, make the call, and schedule your showing today of this great investment.
About the property:
ONLY 5 short minutes from Nokomis Beach, in a NON-FLOOD zoned area.
This fabulous townhome is located in a BRAND-NEW COMMUNITY. The home itself is a new construction, built in 2023; therefore, EVERYTHING IS NEW… New roof, new HVAC, new water heater… everything.
This deal also comes with $3, 000 in passive rental income through November 13, 2024 at which time the lease may be renewed if the new owner desires.
This elegant and meticulously cared for home offers the following benefits:
•An attached ample 1 car garage with expoxied floors, remote controlled door and an interior door leading into the home.
•A welcoming and ample foyer offering privacy at the main entry.
•A very convenient half bathroom on the first floor, a dining area, ample living room, glass sliding doors leading to the rear porch.
•The kitchen offers a spacious walk-in pantry, spacious granite countertops, all appliances: refrigerator, stove, mounted microwave, and dishwasher.
•The home exhibits a beautifully tiled floor on the first level and in all 3 bathrooms, as well as the laundry room located on the second floor - which includes the side-by-side full-sized washer and dryer set and the loft area.
•All window treatments are included; Energy-Efficient Lighting, Indoor air Plus Certification, Insulated Garage Doors, LED Lighting, Low-E Windows, Low-to-Zero VOC Materials: Paints, Stains & Adhesives; M. Connected Home Automation Suite, Multispeed HVAC, Spray Foam Insulation, Water-Efficient Faucets.
Townhomes are a hot ticket and a dream for many, so don't delay and schedule your showing today!
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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 | $288,000 | $288,000 | $288,000 |
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 | 7.477% | 7.159% | 6.498% |
Monthly Tax Payment | $61 | $61 | $61 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,916 | $1,914 | $2,469 |
Total Monthly Payment | $2,052 | $2,050 | $2,605 |
* 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.