1998 Overseas Hwy, #33A, Marathon, FL, 33050 | $627,500

Welcome to Faro Blanco! Located on the city of Marathon in the beautiful Fl. Keys. This unit boasts 3 large beds, 2 full baths, room to entertain with 1, 450 Sq Ft Living area plus a Balcony with 450 Sq Ft. A full size washer & dryer, water heater & AC all 2 years &under, ss kitchen appliances, granite counter tops, solid reserves, a few steps away from Faro Blanco resort, use of the resort's pool, discounts at pool bar & restaurant. Boat slips can be rented at the Faro Blanco Marina or rent a boat as needed. Gated community. Hallways have new paint and flooring Covered parking & new elevator, 45 min to Key West approx. 2hrs to Miami. The unit is enjoyed by owners and renters (30 day min stay). Furnishings are negotiable.

Features

  • Heating: Electric
  • Cooling: Ceiling Fan(s),Electric
  • Levels: 5
  • Amenities: Tennis Court(s),Elevator(s)
  • Rooms: 1
  • Bedrooms: 3
  • Baths: 2 full
  • Complex: FARO BLANCO CONDOMINIUM
  • Year Built: 1983
  • Common Charge: $1,375 Monthly
  • Approx Sq. Feet: 1,650
  • Est. Taxes: $5,602
  • View: Bay,Garden,Ocean,Other
  • Pets Allowed: Yes
  • Pet Policy: Size Limit,Yes
  • Appliances: Dryer,Dishwasher,Electric Range,Electric Water Heater,Disposal,Ice Maker,Microwave,Refrigerator,Self Cleaning Oven,Washer
  • MLS#: A11727199
  • Days on Market: 51 days
  • Website: https://www.raveis.com
    /prop/A11727199/1998overseashwy_marathon_fl?source=qrflyer
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NMLS Mortgage Loan Originator ID 93047

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1998 Overseas Hwy, #33A, Marathon, FL, 33050

$627,500

Mark Gracia

Luxury Properties Specialist

William Raveis Real Estate

Phone: 203.272.0000

Mark.Gracia@raveis.com

Paul Addamo

VP, Mortgage Banker

William Raveis Mortgage, LLC

Phone: 860.990.2486

paul.addamo@raveis.com

NMLS Mortgage Loan Originator ID 93047

5/6 (30 Yr)
Adjustable Rate Conforming*
30 Year
Fixed-Rate Conforming
15 Year
Fixed-Rate Conforming
Loan Amount $502,000 $502,000 $502,000
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 6.995% 7.050% 6.112%
Monthly Tax Payment $467 $467 $467
H/O Insurance Payment $92 $92 $92
Initial Principal & Interest Pmt $3,132 $3,298 $4,202
Total Monthly Payment $3,691 $3,857 $4,761

* 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.