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*NON-EVACUATION ZONE* FLOOD ZONE X! Drew Ridge has **2-STORY BLDGS ONLY; As Such – it’s EXEMPT from (SB 4-D): the 2-Part Senate Bill, Resulting from “Surfside Condo Bldg. Collapse” Causing Condo Community Fees to Increase, Sometimes Dramatically!! SB 4-D Mandates Phase I, & if Flagged a Phase II, INSPECTION of Condo Bldg. ’s Structural Integrity/Safety (e. g. , balconies, roofs, elevators). Inspections Completed by Fl-Lic Structural Engineer. SB 4-D Also Mandates FORMAL ANALYSIS of STRUCTURAL RELATED BUDGETARY LINE ITEMS (Req’d to be FULLY FUNDED). **SB 4-D DOES NOT APPLY HERE! **Drew Ridge REMAINS an AFFORDABLE 55+ Downtown Clearwater Home! Drew Ridge’s Location is A+! Celebrate Life w FANTASTIC Dinners w/LIVE Music in the Streets, Choosing from a Myriad of Cuisines! Get Season Tix for ALL Your FAV Shows at our Crown Jewel, Capitol Theatre (Music, Comedians, etc)! Volunteer at Annual Clearwater Jazz Festival, or Any Clearwater Event at ‘THE SOUND’ – NEW 4, 000 Seat Amphitheater in our REVITALIZED Downtown– REDESIGNED & REBUILT! SO Close, You'll Have NO Worries @ Parking!! Nature’s Food Patch (2 Blocks South!!), Offers Nutritional, Wellness-Centric FREE Classes – EVERY WEEK + Cooking Classes! Grab some Organic Groceries & Head Home to Practice the Culinary Lesson! City of Clearwater Invested $$$ to Create a FRESH/NEW Walkable Downtown District (ALL Streets, Sidewalks Repaved)! It’s Worth Checking Out! Clearwater Country Club (Open Golf!) Across the Street! Downtown Dunedin or Safety Harbor <10-20 mins - BOTH Very Popular Destinations too! This Home is Part of a Co-Operative – What’s That Mean? It’s Owned by the Residents! (i. e. , Bldg. E is owned by Residents of Bldg. E!) Neighbors Greet You Warmly! 2nd Floor 'Penthouse' has 2 Bedrooms, 1 Bathroom, Great Room, Galley Kitchen, & HUGE North Facing Lanai! Enter via Kitchen or Lanai. Kitchen Updated w/NEW Dishwasher, Garbage Disposal, Granite-Like Durable Laminate Countertop, Oversized 2-Basin Sink w/Low Console; What’s the Difference? Have You Washed a Pot/Pan Lately? Handles Don’t Fit in Std. Sinks; it’s Added Value! Kitchen/Bathroom Lighting Updated w/NEW Shiplap Design & Recessed Lights, Creating Coastal Vibes! Bathroom w/ NEW Water Valves ($1, 100 Investment), Fixtures for Shower/Tub, + Newer Vanity/Toilet! Bedrms w/NEW LED Lights! (x1) NEW Plush Carpet, (x1) NEW LVP! Tall, Spacious Closets w/Plenty of Built-In Shelving! x3 Closets in Hallway! Living + Dining Area Create an Open Concept Great Room w/Wood Laminate Flooring! Opens w/4-Way Sliding Glass Doors to Lanai! UPDATED Light Fixtures Throughout! NEW Remote L. R. Ceiling Fan w/Light! Enjoy a Slow-Paced Morning on Your 6x18’ Front-Facing Lanai… w/Newer Windows, NEW Screen & Int Doors, NEW Remote Control-Mechanical Blackout Shades + NEW Pull-Down Light Filtering Rattan Shades! Freshly Painted Trim/Walls! NEW Outlets/Switches! Assigned + Guest Parking! Community Laundry Facility on 1st Floor. *Pets Only w/Documentation for Therapy, Support, ESA’s. *Leasing Permitted, Once Approved by BOD, AFTER Owned for 1-yr. *MECHANICALS* 30-g Rheem Water Heater 2019; 125-amp Square D Electric Panel 2022; TPO ROOF 2022; 1. 5-ton HVAC Compressor 2000 + Handler 2016! Bldg. is Being Painted + Soffits Repaired! *2025 Condo Fee: $543. 57/Mon (Increased $20/month from 2024): Includes Water, Sewer, Trash, Cable, Internet, Mgmt. , Grounds, Ext Maintenance, Roof, Ext Pest Treatment, Escrow Reserves! NO STORM DAMAGE HERE! *Click on 3D Tour Link for an IMMERSIVE TOUR!
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Our Executive Mortgage Banker:
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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 | $88,000 | $88,000 | $88,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.375% | 6.875% | 5.875% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.007% | 7.037% | 6.152% |
Monthly Tax Payment | $123 | $123 | $123 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $549 | $578 | $737 |
Total Monthly Payment | $747 | $776 | $935 |
* 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.