Get your piece of paradise in gorgeous Madeira Beach with this waterfront condo IN PROCESS OF BEING RENOVATED. Like other ground level condos in the area, which were flooded by a 100-year event of recent storms, this unit is currently under remediation on the interior to be "like new" upon completion, so TAILOR IT TO YOUR OWN DESIGN STYLE for the finishing touches! This cozy, 1 bedroom, 1 bathroom, 430 square feet ground floor unit is situated on Boca Ciega Bay and a block away from the sugary sands of the Gulf of Mexico. Enjoy coastal living in Madeira Beach Yacht Club, a gated waterfront community providing options for full-time living, a vacation home, or rental income with stays seven or more days. Enter through the front door of this unit to an enclosed Florida room, not included in the square feet, with views of the water and marina, perfect for entertaining and relaxing to watch the sun set over the Gulf. Community amenities include 4 fishing piers, 2 pools, a billiard room, lounge, 2 exercise rooms, 2 steam rooms, spa, a business center, clubhouse, kitchen, library, and a game room. All utilities are included in the monthly fee except for electricity. Walk across the street to the public library, dog park, and R. O. C. park with a splash pad, soccer field, tennis and basketball courts, and a baseball diamond. Hop on the Trolly to Johns Pass for dining and entertainment or drive across Tom Stuart Causeway to Seminole. Boat slips are eligible for purchase by condo owners. Don't miss this opportunity for FLORIDA BEACH LIVING!
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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 | $264,000 | $264,000 | $264,000 |
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 | $314 | $314 | $314 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,756 | $1,755 | $2,226 |
Total Monthly Payment | $2,145 | $2,144 | $2,615 |
* 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.