GREAT OPPORTUNITY IN AN IMPECCABLE COMMUNITY!! Exceptional two bedroom, one bath condo in the coveted community of Gateway by the Bay. This condo has been tastefully updated with quartz countertops in the kitchen, as well as new cabinets. The bath has new faucets and a pedestal sink. The HVAC was replaced May 2023, and a new water heater July 2024. Both bedrooms are nicely sized with the master bedroom including a walk-in closet, and the second bedroom having an oversized closet. The community rarely has units for sale because of its awesome location and the beautifully maintained pool and grounds. Literally minutes to vibrant downtown St. Petersburg and all “The Burg” has to offer: boutique shopping, elegant dining, world-famous museums, and independent galleries in the amazing art district. Gateway by the Bay is close to public transportation, walking distance to Gateway Market Center, and a short 15-minute ride to Tampa International Airport. Your new home is located on the first floor with one assigned parking space #108, a storage unit (conveniently located near you), and two laundry rooms (conveniently located on the second floor) and an elevator to take you up. The HOA fee includes basic internet, insurance, grounds maintenance, water, sewer, trash, and pool maintenance. The HOA is fully funded with strong financials, no pending assessments, and one of the very best property associations in the State of Florida!! Minimum one year lease with no wait time – no short-term leases allowed – and all must have the Board approval. Sorry no dogs other than service animals. Please confirm pet and rental restrictions with the HOA (condo rules are attached. )
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Our Executive Mortgage Banker:
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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 | $140,000 | $140,000 | $140,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.990% | 6.250% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.477% | 7.159% | 6.498% |
Monthly Tax Payment | $28 | $28 | $28 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $931 | $930 | $1,200 |
Total Monthly Payment | $1,034 | $1,033 | $1,303 |
* 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.