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Welcome to Fairway Village – Unit 202 | Incredible Value in a Premier 55+ Community. Don’t miss this rare opportunity to own the lowest priced home currently available in the highly desirable Fairway Village, a 100% resident-owned manufactured home community located in sunny Largo, Florida. This 2-bedroom, 1. 5-bathroom residence offers a chance to bring your vision to life, whether you're looking to update and refresh the existing interior or replace it entirely and build a brand-new home on this prime lot. The home is vacant and ready for immediate occupancy. Please note that the interior has not been professionally cleaned, as the seller left in a hurry and is no longer living in the home. That said, it’s a blank canvas for the right buyer with an eye for potential. Features include a metal roof-over, vinyl siding, a long driveway with room for two or more vehicles, as well as a newer water heater and air conditioning unit. Included in the sale is the valuable Co-Op Land Share, which is essential for every Fairway Village transaction. Fairway Village is home to 751 properties and caters to residents aged 55 and older. The community is known for its spacious layout, friendly atmosphere, and active lifestyle offerings. Residents enjoy access to a newly built 19, 000-square-foot clubhouse that opened in January 2022, offering countless activities and social opportunities. Additional amenities include two swimming pools, Jacuzzis, covered shuffleboard courts, and a nine-hole par-three golf course, all within a secure gated community. Monthly maintenance fees are kept low at just $401 and cover water, sewer, garbage collection, lawn care, basic cable, and fiber optic internet for every home. For anyone planning to reside in the home, a background check is required for each person aged 55 and over. The fee is $100 per person and must be completed before scheduling an orientation and interview with the Fairway Village Residents Association Board of Directors. This is a unique opportunity to purchase a home in one of Largo’s most well-established and welcoming communities. Whether you choose to renovate or rebuild, this property offers incredible potential and a wonderful lifestyle. All measurements are approximate, and buyers are encouraged to independently verify all details. Contact us today to schedule a private showing and take the first step toward making Unit 202 in Fairway Village your next home.
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Our Executive Mortgage Banker:
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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 | $60,000 | $60,000 | $60,000 |
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 | $24 | $24 | $24 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $379 | $394 | $502 |
Total Monthly Payment | $478 | $493 | $601 |
* 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.