A million-dollar down canal view neighboring Jaycee Park. This beautifully remodeled Beach Parkway condo is being offered completely turnkey with stylish modern furnishings and new appliances. These second-floor condos in the Ocean Isle Riverview Condo Association (OIRCA) were built with higher ceilings at 9 feet giving a spacious feel with ample in-ceiling recessed wafer lighting. With an eye for efficiency and style, this 1989 fortress with noise dampening concrete floors and block bearing walls was reimagined to expand the master shower and remove wasted space in the kitchen allowing for 42-inch upper cabinets and a larger quartz bar counter for entertaining friends. Other renovations include LVP flooring throughout, quartz counters, remodeled bathrooms, built-in closets, modern baseboard and door trim, new front door, newer HVAC (2022) and best of all…Bluetooth exhaust fans so you can shower in style. Constructed in 1989 these buildings have never seen storm surge flooding on the bottom level. With some damage from Ian, OIRCA is scheduled to have a new Manatee slate tile roof installed (September 2nd, 2024), new exterior paint paint along with 116 Lawson Impact and Low-E windows requiring no assessments. The remaining surplus will be used to address several other areas of the property. Dock is projected to be fixed following other property repairs. This refreshed condo will pair nicely with the planned Jaycee Park project right next door, bringing you the best of modern living with a big water view, direct boating access, and a stone's throw to Cape Coral's favorite riverfront park. OIRCA has no age restrictions, two pets with approval, and two-week rental minimums with approval. Current monthly dues are only $546. 76 per month with fully funded reserves and includes master insurance coverage, professional management, and routine building maintenance. Boat space is first available dock space only with no current owners having boats. This is a must see property. Hope to see you soon.
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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 | $292,000 | $292,000 | $292,000 |
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 | $410 | $410 | $410 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,943 | $1,941 | $2,504 |
Total Monthly Payment | $2,428 | $2,426 | $2,989 |
* 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.