BRAND NEW from the roof to the studs to the flooring. One of five condo units in TEAKWOOD VILLAS building F, completely gutted, rebuilt, and ready for sale. Owner is willing to provide $2, 000 appliance allowance. Reserved parking spot is just outside front door. Everything is built to code and permitted, including electric, plumbing, roof and HVAC. HOA dues are $375 and include landscape, roof, exterior pest control, trash and water and sewer. Similar sized units are renting for $1300 per month. Perfect for a first-time home buyer or an investor. TEAKWOOD VILLAS recently went through a community-wide transformation, including new paint, new fence, updated lighting, and will be tackling new mailboxes and downspouts for better irrigation in 2025. DUPLICATE LISTING IN RESIDENTIAL INCOME MLS#2058135
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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 | $104,000 | $104,000 | $104,000 |
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 | $16 | $16 | $16 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $692 | $691 | $892 |
Total Monthly Payment | $783 | $782 | $983 |
* 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.