Property Information

2 Royal Harbour

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.

Loan Amount ($) Interest Rate (APR) Number of payments
(360 = 30 years) Submit

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

Lot #2 Royal Harbour is potentially the best spot for a sunset view home overlooking Marsh Harbour, Abaco, Bahamas.

Offered for sale in current AS IS condition, buyers are encouraged to make a site visit before submitting any offers to purchase it. The very well-built home is structurally sound with the exception of roof over the garage which needs to be rebuilt.

This stately residence includes a deeded deep water dock slip, currently with a small boat lift, though the slip has a draft of 7€„¢ width 20€„¢ length 70€„¢ perfect for a sport fisher.

The floor plan of 2,570 sq. ft. features 3 bedrooms, 3 full baths, TV Room, separate formal living room while the large kitchen is open to the dining room. The dining room is perhaps the best room in the house, after the master bedroom, commanding stunning sunset views over the harbour. Floor plan also includes a large laundry room which doubles as a pantry and a vast 2 car garage 711 sq.ft.

The master suite offers walk in closet, enclosed WC, double separate vanities, jetted tub and shower stall. The rear covered porch and patio are the ideal spots to enjoy the calm ocean breezes and watch the work boats and pleasure craft ply the waters of the harbour.

Solid concrete construction with a top quality metal roof, this home can be restored to its former glory relatively quickly and easily. Save the headache of new construction and outfit this home to your taste. Generous 18,130 sq. ft. lot is roughly 121€„¢ wide by 185€„¢ deep.

Location within prestigious Royal Harbour Neighborhood it is central and secure with friendly neighbors and close to shopping, International Airport and the best fishing adventures to be found anywhere in the world.

Take a virtual walkthrough video here:
https://youtu.be/xqcoIKwXVZ0

Inquire today for more details on this exciting opportunity.

Amenities

• Beach Waterfront
• Boatlift
• Canal Front
• Children Allowed
• Dock
• Garage
• Gated Community
• Home Office
• 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 : Dwayne Wallas