The Beach House, - House - Abaco, Bahamas

Property Information

The Beach House,

Type: House
Price: $ 1,200,000 Loan Calculator
Island: Abaco, Bahamas
Address: Hope Town
Bedrooms: 3
Bathrooms: 2.0
Living Area: 2045 sqft
Lot Area: 16000 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 home sits on possibly the most idyllic homesite on the island, being one of very few that have true Sea of Abaco beachfront.

From the comfortable front patio, the view is calm white sandy beach dotted with soothing palm trees, turquoise waters, and Hope Town's famous candy striped lighthouse in the background.

The Beach House was designed to be a family home with beachfront charm complete with hardwood floors, granite counter tops, stainless appliances, central AC, and a centrally located centerpiece fireplace. The master bed has ensuite bath in addition to two guest rooms and guest bath.

The large waterfront lot allows lots of space for future additions. Other amenities include standby by generator, laundry, storage shed, and docking just a minute away. You have to see it for yourself!

Call today for more details or to schedule a showing.

Amenities

Beach Access
Beach Waterfront
Children Allowed
Dock
Pets Welcome

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 : Franklyn Knowles

Name:: Franklyn Knowles
Phone:: 242-577-0339

Frank was born in Nassau, Bahamas in 1972 which is where he spent his childhood and finished high school at St Augustine's College. Since about the age of eleven, summers were spent in Abaco, particularly Hope Town, which is where his grandparents had a home and he is a direct descendant of the first settlers of the island. He quickly became very fond of the islands, the communities, and the lifestyle they offered. As soon as he had his first opportunity as a young man, he packed up his belongings, put them on the mail boat, and off to Abaco he went to make Hope Town his permanent home. Frank has been in Hope Town ever since, where he met his wife and started a family, has been an active community member and an entrepreneur of sorts with the family business. For many years he has observed the growth of the Abacos as a premier vacation destination and a haven for second homeowners. If you are a resident or a return visitor, you may know him well. In 2003 he got an opportunity to enter into real estate sales, and it seemed a no-brainer for him because of his intimate knowledge of Abaco, its Cays and history, as well as its inhabitants. Give Frank a call today, and let him introduce you to the Abaco he loves and knows so well.