A rare find in the Fountains at Paradise Lakes; this one bedroom condo on the top floor comes with two covered parking spaces. Cathedral ceilings with mirrored accent walls in both the living room and bedroom go all the way to the ceiling adding that dramatic decorative flair while brining extra light into the rooms. The carpeting in the dining area, living room and bedroom was replaced in August of 2024. The vinyl flooring in the kitchen is also new. The condo was repainted about one year ago in the popular light grey motif. The refrigerator and garbage disposal was replaced in 2023. Water heater replaced in September of 2023. The dining room has built in mirrored shelves. The Chandelier in dining room and the flat screen TV attached to the wall in the living room are new. Ceramic tiles floors are at the foyer, utility room and bathroom. Washing machine in the utility room was updated in 2023. The exterior of the condo is scheduled for repainting by the end of this month. This unit is being sold furnished and the premium pattress and comforter is new. Kitchen features four windows and recessed lighting. Bedroom has sliding glass door that exits to screened private balcony. Bathroom has double vanity, stand up shower and a linen closet. The air handler is housed in its own private closet. In the utility room there is a closet that would be ideal for a homeowners lockout closet if you wanted to purchase this for short term rental property. Yes short term rentals are allowed but owners must follow the associations rules and regulations. This unit is situated just outside other elevator and has extra space in the alcover for patio furniture. Glass exterior entry door at front entrance is a nice upgrade. The building has garbage shoots and stair wells at both ends of the building. This condo is in a world renown nudist community. With a paid membership to the club residences can enjoy the amenities Paradise Lakes has to offer which include heated pool, hot tubs, water volleyball pools, pickleball, nightclub, restaurant, Key West bar, pool tournaments, karaoke and much more. This community is close to shopping and is within a short distance of the Veterans/Suncoast Express Way, HWY 41 and I-75. Gulf Beaches and fishing is within an hour from the community, as well as public golf courses, Tampa International Airport is about a 30 minute drive.
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5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $167,920 | $167,920 | $167,920 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.250% | 6.990% | 6.125% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.655% | 7.146% | 6.412% |
Monthly Tax Payment | $72 | $72 | $72 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,146 | $1,116 | $1,428 |
Total Monthly Payment | $1,293 | $1,263 | $1,575 |
* 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.