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Looking for gorgeous river views, complete with wildlife and dolphin sightings? This is a rare opportunity for a 3 bedroom, first floor end unit on Folly River! A quick trip over the bridge and you are in the Heart of Folly! Enjoy the restaurants, shops, bars and best of all: The Beach! Mariners Cay is a gated neighborhood with all the amenities, you never need to leave. Hit the courts in the morning, swim during the day. Or pull your boat up to the dock, load up family and friends and head out to the lighthouse and look for shells. This is a lifestyle you have only dreamed of living. Well. . . Stop Dreaming and Start Living! As you enter the home your eyes are immediately drawn, past the open kitchen and living area to the expansive views of the river. Upon entering the home the kitchenis on your right, where you will find the pantry and the washer/dryer. This kitchen is made for cooking and conversing! Room for several to sit at the bar while the chef prepares the meals. Dining room is conveniently located between the kitchen and the family room for ease of entertaining or casual dining. Continue to the family room and sunroom, once here you will never want to leave. You will feel the stress disappear as you sit watching the boats, birds and dolphin on the river. Owners suite also has full view of the river and includes a walk-in closet and walk-in shower. The additional 2 bedrooms and full bath are accessed off the hall near the dining room. Secondary bedrooms are spacious, both include walk-in closets. A storage closet is located off the family room. Owner has owned this well loved home for over 30 years and remodeled in 2005. It was a second home, so lightly lived in. Renovations included extending the unit by enclosing the porch and making it a sunroom with floor to ceiling windows, allowing for panoramic views of the river, the boat landing and Folly Island. At that time the kitchen was enlarged, new cabinets installed, granite counter tops added that wrap around for additional seating, new tile floors were installed throughout the entire unit, a coat closet was added in the dining area, popcorn ceilings were removed, light fixtures and ceiling fans added, owners tub removed and replaced with a tile walk-in shower, vanities in both bathrooms were replaced. Most recently, in 2023, more renovations took place, including all new windows, new back door, renovated storage area, new full size washer and dryer, unit freshly painted and the entire complex has all new roof/siding/stairwells. There are so many special features that this home offers, you need to see it for yourself!
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5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $500,000 | $500,000 | $500,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.125% | 6.750% | 5.750% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.894% | 6.936% | 6.006% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,038 | $3,243 | $4,152 |
Total Monthly Payment | $3,130 | $3,335 | $4,244 |
* 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.