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This duplex property is ideally located just two blocks north of Flagler Avenue on North Beach, in one of the most sought-after areas of New Smyrna Beach. Flagler Avenue is a vibrant hub offering a blend of charming local shops, eclectic restaurants, art galleries, and lively entertainment options, all within walking distance from your front door. The pristine shores of North Beach are just a short stroll away, perfect for enjoying daily sunrises, beach walks, and a variety of water activities like surfing, fishing, and paddleboarding. New Smyrna Beach itself is a quaint yet dynamic coastal town known for its laid-back vibe, welcoming community, and rich history. The city offers a perfect balance of small-town charm with easy access to modern conveniences, making it an ideal place to live or invest. With an emphasis on outdoor activities, residents and visitors enjoy easy access to parks, nature preserves, and miles of coastline. Whether you're exploring the Indian River Lagoon, visiting the historic downtown area, or enjoying the many events and festivals throughout the year, New Smyrna Beach offers a lifestyle that combines relaxation with adventure. This property provides the flexibility to capitalize on the area's popularity as a tourist destination or to create a personal beachfront haven. Whether you're considering renting out both units, living in one while renting the other, or even rebuilding your dream home, this location offers limitless possibilities. The combination of prime beach access, a vibrant local community, and the tranquil atmosphere of New Smyrna Beach makes this duplex a unique and desirable investment opportunity.
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Our Executive Mortgage Banker:
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$799,000
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 | $639,200 | $639,200 | $639,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.500% | 6.875% | 5.875% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.058% | 7.063% | 6.152% |
Monthly Tax Payment | $354 | $354 | $354 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $4,040 | $4,199 | $5,351 |
Total Monthly Payment | $4,486 | $4,645 | $5,797 |
* 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.