Property Information

Greenwood lot

Type

Vacant Land

Price

$ 25,000   Loan Calculator

Island

Cat Island, Bahamas

Address

Lot 30, Block 3 Greenwood Estates

Lot Area

8000 sqft

More info

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Loan Amortization Calculator

You can use this loan calculator to work out what your monthly repayments might be for various loan amounts, repayment periods and annual interest rates. This can help you decide whether you can afford the repayments.

An amortization schedule reveals the specific dollar amount put towards interest, as well as the specific put towards the Principal balance, with each payment. Initially, a large portion of each payment is devoted to interest. As the loan matures, larger portions go towards paying down the principal. The first payment is assumed to take place one full payment period [one month] after the loan was taken out, not on the first day of the loan. The last payment completely pays off the remainder of the loan, often the last payment will be a slightly different amount than all earlier payments. In addition to breaking down each payment into interest and principal portions, the amortization schedule also reveals interest-paid-to-date, principal-paid-to-date, and the remaining principal balance on each payment date.

There are a few crucial points worth noting when obtaining a mortgage for a home with an amortized loan. First, there is substantial allocation of the monthly payments toward the interest, especially during the first years of the mortgage. You will notice that the first payment allocates about 90% of the total payment towards interest and only about 10% toward the principal balance. Not until much later payments into the loan does the payment allocation towards principal and interest even out and subsequently tip the majority of the monthly payment toward Principal balance pay down.

Description

This lot is located just one block back from one of the nicest beaches in the Bahamas. With miles of pink sand this is a perfect island getaway. There is electricity and phone lines to the lot and unpaved road access. Greenwood has a small resort that offers home cooked meals and world famous diving.

Greenwood Estates is located on the Southeast side of Cat Island with a pink sand ocean facing beach 30 minutes from The Bight airport which has regular flights from Nassau and the US.

The lot directly in front is also for sale at US$40,000 so it would be ideal to purchase both.

Pictures / Photos

Real Estate Company : HG Christie Real Estate

Established in 1922, H.G. Christie Ltd. is the oldest and most extensive real estate service in The Bahamas and because of our consistently high level of service, we are also the exclusive affiliate in The Bahamas of Christie's Great Estates, the real estate arm of the world-renowned Christie's Auction House.

We have an incomparable collection of listings for your consideration, and we would be pleased to help you discover your own way to enjoy Elegant Island Living.

More info   All properties of this realtor

Real Estate Agent : Cara Christie

Name:

Cara Christie

Phone:

242-322-1041 x227 (office) 242-457-3562 (cell)

Fax:

242-326-5642

Cara Christie was born and raised in Nassau, Bahamas, and spent most of her childhood summers in the English countryside with her mother's family. As a teenager, Cara attended schools in Switzerland and New York State, and studied for a year in France. In 1981, she received a Bachelor of Arts degree in Biology from Smith College and Hampshire College in Massachusetts, and later completed a Physician Assistant and Bachelor of Science degree at the Hahnemann in Philadelphia, Pennsylvania. Upon her return to Nassau, Cara coordinated clinical trials of hypertension medications at Princess Margaret Hospital on behalf of the U.S. Food and Drug Administration. She then moved to Brazil, where she taught English and sang in numerous choirs. In 1997, Cara came back to The Bahamas to study for her Real Estate Agent certification and become part of her family's business. After spending several very busy years learning the ropes at H. G. Christie Ltd., she now specializes in sales, rentals and residential management for the company. Cara speaks Portuguese and French and is an accomplished singer, having performed in choirs in such far-flung places as the Patagonia in Argentina, Prague, and the celebrated Carnegie Hall in New York City. Her other hobbies include traveling, skiing, sailing and playing tennis. Cara lives in Nassau with her husband Cairo, whom she met while living in Brazil.