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For nearly two years, this spacious 3-bedroom, 2-bath condominium, located on the second floor, has proven to be a reliable and high-performing investment property, consistently exceeding expectations as a long-term rental. With a track record of providing stable rental income, this condo offers more than just a place to live, it's a smart choice for savvy investors seeking proven returns.
But it's not just investors who will fall in love with this home. If you're someone who values simplicity, low maintenance, and a stress-free lifestyle, this condo is a perfect fit. As soon as you step inside, you feel the warmth of this light-filled condo as the sun peeks through your windows, casting a soft glow on freshly painted walls and newly installed vinyl floors. The screened-in porch provides a serene space to enjoy gentle breezes, while the community pool and fitness center, located just a stone's throw away, offer the perfect places to unwind or get active. Whether you're a student or faculty member at the University of St. Augustine (just 5 minutes away) or a beach lover (with St. Augustine Beach just 10 minutes down the road), this condo's prime location makes it an ideal home base.
Adding to its appeal, the low HOA fees ensure you won't face unexpected costs, covering essential services like water, sewer, and trash collection to keep your monthly expenses predictable. Plus, the community's strong reserves give you peace of mind for the future.
This condo isn't just a place to live, it's a place to thrive. Whether you're an investor looking for your next high-performing property or someone seeking a move-in ready, hassle-free home in one of St. Augustine's most sought-after locations, this condo offers the perfect blend of comfort, convenience, and financial success.
Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
Our family of companies offer our clients a new level of full-service real estate. We shall:
To learn more about our credentials, visit raveis.com today.
Our Executive Mortgage Banker:
Our Insurance Division:
$275,000
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 | $220,000 | $220,000 | $220,000 |
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% | 7.025% | 6.132% |
Monthly Tax Payment | $217 | $217 | $217 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,391 | $1,445 | $1,842 |
Total Monthly Payment | $1,683 | $1,737 | $2,134 |
* 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.