STUNNING OCEAN VIEWS FROM THIS SPACIOUS REMODELED 1 BED 2 BATH UNIT AT MAR DEL PLATA. OPEN LAYOUT WITH MODERN KITCHEN FEATURING ISLAND, STAINLESS APPLIANCES, AND TONS OF STORAGE SPACE. LARGE PRIMARY SUITE WITH REMODELED BATHROOM, WALK IN CLOSET, AND ACCESS TO TERRACE TO ENJOY THE OCEAN BREEZE. DESIRABLE 04 LINE OFFERS FANTASTIC OCEAN VIEWS, 2 FULL BATHS AND THE ABILITY TO CONVERT UNIT TO A 2/2 OR 1/2 W DEN. ONE COVERED PARRKING SPACE INCLUDED IN SALE. BUILDING IDEALLY LOCATED WITH ACCESS TO BOARDWALK, CLOSE TO SOUTH BEACH AND BAL HARBOUR. GREAT AMENITIES INCLUDE LARGE POOLDECK, BBQ PICNIC AREAS, GYM, SAUNAS, CLUBHOUSE ROOM AND PENTHOUSE LEVEL RESIDENT LOUNGE. UNIT IS TENANT OCCUPIED UNTIL FEB 29 2025. CALL LA TO SCHEDULE SHOWING IN ADVANCE.
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Our Executive Mortgage Banker:
Our Insurance Division:
$699,000
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 | $559,200 | $559,200 | $559,200 |
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 | $648 | $648 | $648 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,720 | $3,717 | $4,795 |
Total Monthly Payment | $4,460 | $4,457 | $5,535 |
* 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.