An entertainment home. Priced to Sell. Completely remodeled in 2022 home in Palmetto Bay. The South Florida lifestyle at its finest. Main house is 3 bedrooms, 3 bathrooms. Open floor plan. Foyer entry leads to living area and kitchen overlooking the pool area. A unique feature is the detached Cabana. The completely remodeled 1 bedroom, 1 bathroom Cabana, boasts a full kitchen, full size bathroom and full-size washer and drier in laundry area. Main house and Cabana have custom wood cabinetry, quartzite countertops and stainless steel appliances. The saltwater system pool is surrounded by a summer kitchen and pergola. This home is wired throughout with security cameras and up-to-date technology. The opportunity to make this your home in beautiful Palmetto Bay!
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Our Executive Mortgage Banker:
Our Insurance Division:
$2,499,997
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 Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $1,999,998 | $1,999,998 | $1,999,998 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.625% | 6.750% | 6.625% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.282% | 6.851% | 6.790% |
Monthly Tax Payment | $1,643 | $1,643 | $1,643 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $12,806 | $12,972 | $17,560 |
Total Monthly Payment | $14,574 | $14,740 | $19,328 |
* 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.