Creek Bay - House - Eleuthera, Bahamas

Property Information

Creek Bay

Type: House
Price: $ 700,000 Loan Calculator
Island: Eleuthera, Bahamas
Address: Russell Island
Bedrooms: 3
Bathrooms: 3.0
Living Area: 2800 sqft
Lot Area: 18166 sqft
More info: Click here

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 island home comes with beach access and gorgeous water views. Located in an established neighborhood on Russell Island, this 3 bedroom, 3 bathroom home includes 3 ensuite bedrooms, kitchen/dining room, and living room.

The back bedroom room can be locked of as a private room for guests or potential renter. The home is split level and features patios on the west, north and east side of the building providing several options for enjoying the amazing views.

With Russell Island beach just steps away from your front door, this home is the perfect island escape. The house has two single garages, ideal for storing your golf cart, kayaks, paddle boards and fishing gear.

Close to the quaint fishing village Spanish wells, Russell Island offers all the charm of island living with modern amenities.

Amenities

Beach Access
Hill Top View

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 : Denise Pinder

Name:: Denise Pinder
Phone:: 242-422-9070

Denise was born and raised in Nassau, Bahamas to Bahamian parents. After graduating from St. Andrews school, she attended Florida Southern Collage where she earned a Bachelor of Science degree in Marketing. On returning to Nassau she was employed by a wholesale agency working in Marketing and Advertising. She moved to the unique fishing village of Spanish Wells, Eleuthera with her husband, a commercial fisherman in 1991. While living in Spanish Wells she worked at a local company in accounts and sales leaving to raise her children in 1999. She was later employed by the same people to help manage their new company. In 2010 she obtained her real estate licence and joined an independent company and then decided to join the experienced HG Christie real estate team in 2016. While not working in real estate, Denise enjoys spending time with her family and walking the beautiful beaches on Spanish Wells, kayaking, and being involved in the community. She is the mother of 2 teenage sons and has always been an active volunteer at the local school.