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Presented by![]() Carrie Lademan |
Sunlit Corner 2-Bedroom Condo with Low Carrying Costs: lt;brgt;This beautifully renovated 2-bedroom, 2-bathroom home offers a bright, airy layout with exceptional natural light. The king-sized corner primary suite is bathed in southern and western sunlight, while the living area and secondary bedroom enjoy full southern exposure throughout the day. The windowed chef's kitchen features a gas range, integrated microwave and dishwasher, and ample storage. Both full bathrooms have been stylishly upgraded with new vanities and lighting. High ceilings and an in-unit washer/dryer add to the home's appeal. lt;brgt;lt;brgt;Residents enjoy great amenities, including a common roof deck, fitness room, bike storage, virtual doorman, and a package room with cold storage—all with exceptionally low common charges. A 421-A tax abatement is in place until 2032, keeping carrying costs minimal. lt;brgt;lt;brgt;NB: (Fully paid) capital improvements are underway to upgrade the building facade and balconies. As a result, scaffolding is in place, and windows are partially obstructed during the work. The fitness room will also be temporarily closed, but the common roof deck will remain open throughout the project. lt;brgt;lt;brgt;Ideally located near Marcus Garvey Park, Whole Foods Market, the upcoming Trader Joe's, the Apollo Theater, and the acclaimed dining corridors of Lenox Avenue and Frederick Douglass Boulevard. lt;brgt;lt;brgt;Five West is an unrestricted condominium, welcoming pied-à -terres, gifting, and investors alike.
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Our Executive Mortgage Banker:
Our Insurance Division:
$895,000
Senior Regional Vice President, Southwest Florida
William Raveis Real Estate
Phone: 239.450.9099
Carrie.Lademan@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 | $716,000 | $716,000 | $716,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.250% | 6.125% | 5.875% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.517% | 6.235% | 6.058% |
Monthly Tax Payment | $9 | $9 | $9 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,954 | $4,350 | $5,994 |
Total Monthly Payment | $4,055 | $4,451 | $6,095 |
* 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.