Auction Property. 2BR/2BA home nestled in the vibrant On Top of the World (OTOW) 55+ gated community, this home in the Williamsburg neighborhood with outdoor entertaining offers an unmatched lifestyle in a place where the cool kids retire, surrounded by endless activities, resort-like amenities, and a friendly community. Gated access ensures comfort and security within the community. Features a large, 524± sf paved concrete area, perfect for outdoor entertaining. Golf cart access to shopping centers, clubhouse, pickleball courts, pools, and golf courses. The home is 2, 295± sf under roof with 1, 777± sf living area with an open floor plan, enclosed lanai, and a 452± sf attached two-car garage. The lot size is . 17± acres. The roof was replaced in 2018±. Built in 1997± with concrete block stucco. The HOA fee covers the cost of maintaining common areas, landscaping, swimming pools, tennis courts, clubhouse, and elevators, along with basic lawn maintenance, semiannual exterior pest extermination, and garbage receptacle. This is a 99-year leasehold property, providing long-term stability with a portion of HOA fees allocated towards the land lease. Property #: DG1439. 10% Buyer's Premium.
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William Raveis Mortgage, LLC
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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 | $120,000 | $120,000 | $120,000 |
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 | 7.477% | 7.055% | 6.256% |
Monthly Tax Payment | $77 | $77 | $77 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $798 | $788 | $1,012 |
Total Monthly Payment | $949 | $939 | $1,163 |
* 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.