Bright & spacious 1 bed, 1. 5 baths corner unit w/ 2 balconies and 3 covered parking spaces, situated in the heart of Miami Beach! This unit has been renovated with new kitchen marble countertops, and marble flooring throughout as well as an in-unit washer/dryer. The bedroom has a private balcony, walk-in closet and bathroom w/ his-and-hers sinks. Boutique building, built in 2006 w/ just 11 units, features a gated entrance providing owners security & privacy. The building has a brand-new roof and a freshly painted exterior, along w/ healthy financials, low HOA and no special assessments. Located just a few blocks from the beach, Flamingo Park, Whole Foods, and the renowned Lincoln Road, this property offers an ideal combination of exclusivity and prime accessibility.
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Our Executive Mortgage Banker:
Our Insurance Division:
$539,000
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 | $431,200 | $431,200 | $431,200 |
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 | $675 | $675 | $675 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $2,869 | $2,866 | $3,697 |
Total Monthly Payment | $3,636 | $3,633 | $4,464 |
* 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.