Known as ''The Anchored Pearl, '' this tropical bungalow is a rare gem with its impressive combination of historic charm/tasteful updates, super close beach proximity, and strong short-term vacation rental history! Despite being just a short walk to the beach/Surfside Park, the property sits ''high & dry'' (no flood insurance required!) on one of the largest lots in Vilano and comes fully fenced with an oversized 2-car garage and elongated driveway allowing parking for up to six! The main living space features a wood burning fireplace, refinished original hardwood floors, knotty pine wood ceilings, which opens into an enlarged bonus room surrounded by windows allowing for tons of natural light! Also included are architectural plans to transform the home into a 3-story ocean view paradise! With its recently remodeled kitchen, updated appliances, plumbing, electrical, water treatment systems, security system, & hurricane grade windows/doors/roof, this property is a must-see!
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Our Executive Mortgage Banker:
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$800,000
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 | $640,000 | $640,000 | $640,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.875% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.551% | 7.042% | 6.160% |
Monthly Tax Payment | $672 | $672 | $672 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $4,258 | $4,204 | $5,397 |
Total Monthly Payment | $5,022 | $4,968 | $6,161 |
* 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.