Property Information

Snails Pace

Type

House

Price

$ 1,600,000   Loan Calculator

Island

Abaco, Bahamas

Address

Hope Town

Bedrooms

3

Bathrooms

2.0

Living Area

1706 sqft

Lot Area

26500 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

SNAIL'S PACE lies on the best beach on the Sea of Abaco. Dual Pods are connected by a flowing deck with great entertainment for cocktails and dining where you will be able to view a Bahamian Sunset. This unique house has three bedrooms and two and a half bathrooms in pristine condition. Master Suite is on the second floor with a calming view of the waters, a walk-in closet, a lovely sized bathroom, and room enough for a study area.
You flow across the 1700 square foot deck that meets the Living Area. The living room has enlarged windows to display the view of the Bay of Abaco that meets the Atlantic Ocean. The design is open concept with a nice size kitchen that has a deck on the side for the grilling days and a designer powder room. A view from every room.
Down below is the Junior Suite that has a bathroom that comes in from the outdoor shower refreshing after a swim in the sea. The downstairs has concrete flooring that you can walk to the third bedroom which can be utilized to share office space. This bedroom also has an amazing view of the Sea of Abaco and Bahamian Sunsets.
A handyman's dream workshop, space enough for all tools, machinery, water toys, and the fishing rods for the day's catch. An added bonus to this, is a garage suited for a small car or golf cart. Just a skip away from a newly built community dock.

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 : Patricia Love

Name:

Patricia Love

Phone:

242-475-1715

Town Coverage: Elbow Cay Hope Town, Abaco Lubbers Quarters, Abaco Marsh Harbour, Abaco Tilloo Cay, Abaco Treasure Cay, Abaco