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Here is your chance to own one of the most sought-after corner units in the St Maarten building. This condo is on the fifth floor and has the largest floor plan in the building, with over 2500 square feet of living space and 2 large balconies. There are windows to the front, side, and rear of the condo and a wrap-around balcony directly overlooking the beach and giving a great view in bothdirections. The rear balcony provides a great vantage point to watch rocket launches. The living room at the rear of the unit overlooks the beach. There are stainless steel appliances, some of which we just replaced, and newly installed countertops with backsplash in the large kitchen, which has a tiled floor. The large primary bedroom, with an ensuite bathroom, is at the rear of the condo with access to the large balcony and great beachviews from inside. The ensuite bathroom has a tiled floor, a jetted tub, and a twin shower. Two large bedrooms are at the front of the condo, one has an ensuite bathroom and a balcony with city views, and one shares the guest bathroom. There is a laundry room, storage room, and large pantry by the kitchengiving lots of storage options. The condo building has one indoor swimming pool & spa, two outdoor swimming pools & spa, two saunas, a fitness room, a gathering room, a billiards room, astorage room for bicycles, a dog park, other outdoor sports equipment and ample parking for owners/guests. This unit also comes with one assigned parkingspace under the building. Short-term rental is allowed so there is an opportunity to use the condo as a business, however it is not currently being used for that purpose, the minimum rental period is two weeks. The condo is being sold unfurnished but most furniture items are negotiable. The building has just undergone major renovation including a new outdoor pool area and deck, a new seawall, a new indoor pool and a new roof. The entire building has recently being repainted and new balcony railings were installed as part of the regular maintenance schedule, covered by the HOA fees.
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Our Executive Mortgage Banker:
Our Insurance Division:
$860,000
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 Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $688,000 | $688,000 | $688,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.125% | 6.625% | 6.375% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.861% | 6.739% | 6.581% |
Monthly Tax Payment | $927 | $927 | $927 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $4,180 | $4,405 | $5,946 |
Total Monthly Payment | $5,199 | $5,424 | $6,965 |
* 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.