Florida Real Estate

Ocean Terrace

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Saturday, November 21st, 2009 03:39:59 AM

Ocean Terrace

$475,000

     3115 S Ocean Blvd # 601 Highland Beach, Florida 33487
Highland Beach Realtor
ZEV FREIDUS
REALTOR
561-544-3810
Contact ZEV FREIDUS

Photos of 3115 S Ocean Blvd # 601 Highland Beach, FL 33487

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R3032025
Ocean Terrace Real Estate 3115 S Ocean Blvd # 601

SPECIFICATIONS

Bedrooms: 3
Bathrooms: 2 Full, 1 Half
Square Feet: 2,030 SF
Living Area: 1,852 SF
Garage: 1 Car
Pool: Y,X
Waterfront: Y, Oceanfront
Year Built: 1981

OCEAN TERRACE CONDO NORTH PROPERTY DESCRIPTION

Highland Beach:Ocean Terrace. Beautiful boutique bldg on the sand thats pet friendly! come enjoy the ocean and intra coastal views from this updated, move in condition, recently remodeled, this bldg has recently been refurbished including reception and lobbys. Private pool with Picnic and bar b q area, concierge, manager on premises, work out room, sauna, clubroom with working kitchen and dance floor and sooo much more! a must see

ADDITIONAL DETAILS ON THIS OCEAN TERRACE CONDO

Community: Ocean Terrace
Subdivision: Ocean Terrace Condo North
HOA:Mandatory $2,896 Per Quarter
Units in Complex: 43
Master Bedroom: 17X14
Second Bedroom: 12X11
Third Bedroom: 11X9
Units in Building: 38
Kitchen: 13X9
Living Room: 27X14
Dining Room: 13X9
Flooring: Ceramic Tile,Carpet
Construction: CBS
Ocean Terrace Community Information: Pool,Elevator,Lobby,Clubhouse,Exer Room,Ext Storage,Game Room,Library,Sauna,Picnic Area. Restrictions: Buyer Apprv,Tenant Apprv,Intervw Req,Lease Ok,Pet Restr,No Truck -Rv,Other
Exterior Features: Covrd Bal,Shutters
Interior Features: Split Bedrms,W/D Hookup
Equipment Included: Washer,Dryer,Refrigerator,Range,Dishwasher,Elec Wtr Htr,Disposal,Microwave,Smoke Detect,Auto Gar Dr,Freezer,Fire Alarm,Wall Oven.
This Listing courtesy of Coldwell Banker

MONTHLY MORTGAGE PAYMENT (5 Year Fixed Rate : 10% Down : 4.375% : 4.415%APR)

Purchase Price:
$475,000.00
Down Payment:
$47,500.00
Amount Financed:
$427,500.00
Monthly Mortgage Payment:
$2,134.44(Principal & Interest ONLY)
Mortgage Insurance:
If you put LESS than 20% down, you will need to pay PMI (Private Mortgage Insurance), which usually is around $55 per month for every $100,000 financed (until you have paid off 20% of your loan). This could add $235.13 to your monthly payment.
onthly Payment:
$2,369.57 (Principal & Interest, and PMI)
Real Estate Taxes:
Real Estate Taxes in Highland Beach Florida are calculated by applying the millage rate to the assessed value.
Homes in Highland Beach Florida are re-assessed when they are sold and typically will be assessed at slightly below the purchase price. Assuming this home in Ocean Terrace is assessed at about $451,250.00 the next time it sells, the annual real estate taxes will be approximately $7,896.88 This could add $658.07 to your monthly payment. Homestead or other exemptions could lower your taxes for this property.
TOTAL Monthly Payment:
$3,027.64 (including PMI and Real Estate tax)

3115 S Ocean Blvd # 601 Highland Beach, Florida 33487 (Ocean Terrace)

The data relating to Highland Beach real estate and Ocean Terrace homes for sale or lease on the Boca Executive Realty website comes in part from a cooperative data exchange program of the multiple listing service (MLS) in which this real estate Broker participates. The homes in Highland Beach Ocean Terrace displayed may not be all of the properties in the MLS's database, or all of the properties listed with Brokers participating in the cooperative data exchange program. Highland Beach Ocean Terrace homes for sale that are listed by Brokers other than this Broker are marked with either the listing Broker's name or the MLS name or a logo provided by the MLS. The Detailed listing page about such properties includes the name of the listing Brokers. Information provided is thought to be reliable but is not guaranteed to be accurate; you are advised to verify facts that are important to you. No warranties, expressed or implied, are provided for the data herein, or for their use or interpretation by the user. The Florida Association of Realtors and its cooperating MLSs do not create, control or review the property data displayed herein and take no responsibility for the content of such records. Federal law prohibits discrimination on the basis of race, color, religion, sex, handicap, familial status or national origin in the sale, rental or financing of housing. Boca Executive Realty is an equal housing opportunity real estate broker serving Highland Beach Ocean Terrace.
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