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This two bed one bath waterfront condo is located at Sutton Place, behind a seawall is the most desirable cottage complex for renters and owners on Beach Point. Sutton Place has just completed one of the most extensive and comprehensive erosion control projects on all of Shore Rd. This ensures , long term protection for it's owners. This unit is consistently rented from mid June to mid-September by its many repeat renters. An excellent and well run complex , featuring a private beach for it's residents , two car and guest parking located right on the Bay beach. Perfect for an investor or for those owners who enjoy the shoulder season. This two bed comfortable unit, features a private fenced in yard, outdoor shower, mini air conditioning split system , two car parking . This unit is located in a four family building which recently received all new siding , new trim , a new roof and the unit is completely insulated and simply put in mint condition . Being sold fully furnished and can be converted to '' year round status''. A delight for both repeat renters and owners. Both master flood and private flood covered in condo fee and reserve funds. Priced to sell and a must see
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$695,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
Senior Vice President - Coaching & Strategic
William Raveis Mortgage, LLC
Phone: 203.980.8025
Frank.Kolb@raveis.com
NMLS Mortgage Loan Originator ID 81725
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $556,000 | $556,000 | $556,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.375% | 6.875% | 5.750% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.995% | 7.037% | 6.066% |
Monthly Tax Payment | $249 | $249 | $249 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,469 | $3,653 | $4,617 |
Total Monthly Payment | $3,809 | $3,993 | $4,957 |
* 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.