Come check out this terrific opportunity in the 55+ community of Fair Lane Acres. This community is a LAND OWNED neighborhood with LOW HOA fees. Situated on an oversize lot, this move-in ready home is ready for you whether you are a full time resident or looking for a convenient second home to escape the cold north. This one bedroom and two full bath home has been updated and refreshed with new carpet and vinyl plank flooring through out. The Florida room is completely modified with glass windows that let in ample natural light and has heating and A/C run to provide full interior usage. The kitchen is equipped with stainless steel appliances and has additional cupboards and cabinets for storing all your kitchen needs. The primary bedroom has had new carpet installed and comes with a sliding door closet space and additional shelving and drawers built into the far wall. The recently remodeled primary bath has a shower/tub combo and a single vanity. The second full bathroom is located in the utility area and is complete with separate running water supply and a tiled walk-in shower. The Utility area also provides laundry hook-ups with washer/dryer included as well as storage space. The back patio is covered and perfect for relaxing during a beautiful Florida evening. The HOA provides water and sewer services and gives you access to a clubhouse facility complete with a sparkling community pool and covered shuffle board courts. The community boasts easy access to public transportation and is nearby shopping centers, restaurants, and medical facilities. This opportunity in Fair Lane Acres will not last long. Schedule your private showing today.
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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 | $92,000 | $92,000 | $92,000 |
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 | $59 | $59 | $59 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $612 | $611 | $776 |
Total Monthly Payment | $746 | $745 | $910 |
* 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.