HAVE YOU WAITED FOR A TROPHY HOME IN ORMOND ? ACROSS FROM OCEAN SIDE COUNTRY CLUB AND 100 FOOT OF DIRECT NO DRIVE BEACH. THIS ESTATE BOAST 8 EN-SUITE BEDROOMS AND AN OCEAN FRONT POOL THE PRIMARY SUITE CONSIST OF NURSERY/EXERCISE ROOM, BEDROOM, OFFICE WITH FLOOR TO CEILING BOOKSHELVES , AND A TEA ROOM/OFFICE WITH OCEANFRONT BALCONY. THE 37X18 GOURMET KITCHEN IS STATE OF THE ART. DUAL TRIVECTION TURBO CHEF OVENS, GE MONOGRAM REFRIGERATOR, 6 BURNER GAS RANGE WITH GRIDDLE. TWO DISHWASHERS, GRANITE AND OCEANFRONT. THE FLOOR COVERINGS THROUGHOUT THE HOUSE ARE OAK HARDWOOD, MARBLE, TILE AND HAND SCRAPED TEAK. NEW $200, 000. 00 METAL ROOF, JUST PAINTED INSIDE AND OUT. PER OWNER , 2. 8 MILLION RENOVATIONS TO ADD A THREE CAR GARAGE AND TO UPDATE INTERIOR , WITH CROWN MOULDINGS , IMPACT WINDOWS , ROOF , PAINT , KITCHEN AND INTERIOR IMPROVEMNTS TO MAINTAIN THE INTEGRITY OF THIS ESTATE, THIS ESTATE WAS BUILT IN 1918 AND HAS STOOD THE TEST OF TIME AND STILL STANDING IN IT MAJESTIC GLORY.
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Our Executive Mortgage Banker:
Our Insurance Division:
$4,200,000
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 Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $3,360,000 | $3,360,000 | $3,360,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.625% | 6.750% | 6.625% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.282% | 6.851% | 6.790% |
Monthly Tax Payment | $3,021 | $3,021 | $3,021 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $21,514 | $21,793 | $29,501 |
Total Monthly Payment | $24,660 | $24,939 | $32,647 |
* 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.