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Presented by![]() Kim Knox |
This lovely home was built in 2005 to Miami Hurricane Standards and is zoned for short term weekly rentals. Owner has stayed here thru 4 hurricanes and you can barely even hear the storm outside.
The community of Cearra Del Ray is small and consists of 4 duplexes for a total of 8 units. It is a perfect second home, rental unit with great income potential because of short term zoning, or primary residence. The home is located within walking and biking distance to Flagler Ave, and within a couple blocks from Chases, 27th Street Park, Beachside Pizza and Izzy's Tacos. The beach access is directly across the street.
The spacious floor plan offers over 2000 sf with 2 bedrooms and 2 bathrooms on the second floor, and a huge 19x13 primary bedroom on the first floor with a 11x12 ensuite bath with Jacquzzi, stall shower with seating bench and double sinks. The high ceilings and 9 foot raised panels doors throughout make it appear bigger than it's almost 2100 sf size. The main living area is on the second floor. The open floor plan for the main living area features suntubes for added natural lights, surround sound wired in, recessed lighting, custom plantation shutters on windows and sliders, and crown molding. Impact resistent windows and sliders offer additional storm protection. The spacious kitchen boasts an abundance of 42" raised panel oak cabinetry, deep set double ceramic sink, upgraded granite counters and all new appliances replaced within the last year. An as an added bonus there is a huge, wrap around porch for enjoying your cup of coffee while you watch the sun come up. There is an oversize two car garage with 2 Large overhead Storage racks for additional storage. Some of the many upgrades are top brand custom plantation shutters throughout, huge primary double closet in downstairs bedroom with custom organizers to optimize storage, and crown molding in main living area, and 8 foot raised panel doors and wrap around covered porch. The MyQ garage door opener, August locks, and Nest thermostat are perfect for second home, vacation home or primary residence and they allows you to monitor use and maintain entry and heat/AC remotely. The AC is was installed in September 2021, hot water heater was installed in 2018, appliances in kitchen are a year old.
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$825,000
Luxury Properties Specialist
William Raveis Real Estate
Phone: 978.771.4579
Kim.Knox@raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 978.314.1072
Joanne.OKeefe@raveis.com
NMLS Mortgage Loan Originator ID 38342
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $660,000 | $660,000 | $660,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.125% | 6.500% | 6.375% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.861% | 6.637% | 6.540% |
Monthly Tax Payment | $453 | $453 | $453 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $4,010 | $4,172 | $5,704 |
Total Monthly Payment | $4,555 | $4,717 | $6,249 |
* 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.