INVESTOR ALERT. PROPERTY DAMAGED AS A RESULT OF RECENT STORMS. SOLD AS IS. REALISTIC OFFERS WILL BE CONSIDERED. A Rare Opportunity To Purchase A Key West Style Renovated Lemon Bay Family Compound That Is Directly On The Intercoastal Waterway In The Charming Coastal Town Of Englewood Florida. Water Frontage Is 110 Ft With A Private 175 Ft. Dock, Private Beach And Comes Complete With A 484 Sq. Ft. Guest Cottage And An Oversized Heated Swimming Pool All Nestled On Prime 0. 55 Acres. The Home Offers Uninterrupted Sunrise To Sunset Panoramic Water Views From Nearly Anywhere One Looks-From The Individual Rooms, The Second Floor Loft Or Your Private Balconies/Decks. The Entire First Floor Is Graced With Vaulted Ceilings And Exposed Beams. The Over-Sized Living Room Opens To The Huge Screened-In Back Deck Which Surely Will Beckon You To Enjoy Waterfront Dining And Outdoor Living Through-Out The Day Into Evening. On The North Side Of The Home The Primary Bedroom En-Suite Includes An Oversized John Louis Designed Closet System, Granite Countertops, Glass Mosaic Backsplash And A Rainfall Shower Graced By An Overhead Skylight. The Two Remaining First Floor Bedrooms Feature Large Closets As Well As Their Own Decks Access. The Second Level Hosts The Fourth Bedroom With Vaulted Ceilings With 360 Degree Unobstructed Views That Truly Are To Be Experienced. The Original Architectural Design Had Allowed For The Inclusion Of An Elevator Originating From The Carport Directly To the Second Floor If You Should So Desire In The Future. As A Wonderful Added Feature There Is A 484 Sq. Ft. Studio/Guest House Adjacent To The Main Residence Complete With Kitchenette, Full Bath And Private Screened Lanai. This Superb Property Offers Old Florida Charm On One Of Florida's Most Pristine Coastlines While Still Offering Convenience And Access To All The Amenities And Travel Destinations That Millions Are Drawn To Every Year. Whether For Personal Use, Investment Or A Combination Of Both All You Need To Do Is Make The Call To Schedule Your Private Showing. Please Take A Moment To Enjoy The Video Tour: http: //tinyurl. com/ytwtu3v5
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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 | $2,060,000 | $2,060,000 | $2,060,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.625% | 6.625% | 6.625% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.282% | 6.762% | 6.036% |
Monthly Tax Payment | $1,400 | $1,400 | $1,400 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $13,190 | $13,190 | $18,087 |
Total Monthly Payment | $14,715 | $14,715 | $19,612 |
* 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.