Welcome to your own slice of paradise! This stunning one-bedroom (Junior 4) unit at Lafayette Terrace offers breathtaking direct south-facing oceanfront views, showcasing the perfect angle of both the pristine beach and shimmering waters. Imagine waking up to the sound of waves crashing and enjoying your morning coffee with the sun rising over the horizon-every day feels like a vacation! Located just steps away from Lafayette Beach, known for its exceptional surf, you'll have front-row access to exhilarating surf-watching all year round. Whether you're an avid surfer or just love the ocean's beauty, this vibrant beach scene is sure to inspire. The building boasts an impressive array of amenities designed for your ultimate comfort and convenience. Stay fit and active in the onsite gym, then unwind in the penthouse sky room, where you can soak in stunning city and ocean views. With dedicated storage for your personal items, bikes, and beach chairs, every aspect of beach living has been thoughtfully considered. Plus, with the flexibility of renting out your unit after just two years (for 2 of every 5 years), this property is not only a perfect waterfront getaway but also a savvy investment opportunity! With 27 Daily Trains to NYC, you're in and out of midtown at your convenience and within an hour. Enjoy the oceanfront sundeck, where you can bask in the sun, catch up with friends, or simply relax with a book as the ocean breeze wraps around you. This is your chance to own an exceptional piece of Long Beach real estate-where every moment is a reminder of coastal bliss!
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Our Executive Mortgage Banker:
Our Insurance Division:
$498,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 347.223.0992
Sarah.Alvarez@Raveis.com
NMLS Mortgage Loan Originator ID 1880936
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $398,400 | $398,400 | $398,400 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.477% | 7.159% | 6.296% |
Monthly Tax Payment | $0 | $0 | $0 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $2,651 | $2,648 | $3,360 |
Total Monthly Payment | $2,726 | $2,723 | $3,435 |
* 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.