This property is an upgraded and turn key 1 bedroom and den unit on a high floor at Ocean Marine Yacht Club that combines a less dense building with luxury living. The apartment contains plenty of natural light and breathtaking intracoastal, ocean & city views. It is a boutique-style building across from the ocean. It includes a large open kitchen with granite countertops and stainless steel appliances. The enclosed den can be used as a second bedroom or an office. In addition, the den can be used as a huge closet! There is a washer/dryer in the unit, a walk-in closet, and additional storage space. The building includes a 24 hour staffed front desk, state of the art gym facility, community lounge and pool, business center, conference room, dog walkway, and 1 assigned/covered parking space.
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Our Executive Mortgage Banker:
Our Insurance Division:
$529,000
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 | $423,200 | $423,200 | $423,200 |
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 | $748 | $748 | $748 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $2,816 | $2,813 | $3,569 |
Total Monthly Payment | $3,656 | $3,653 | $4,409 |
* 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.