Condo in Palm Beach, FL 33480

Palm Beach Hampton, 3100 S Ocean Blvd

This beautiful 2 bedroom - 2.5 bath lanai is located on the lobby level and offers an over sized patio overlooking the newly renovated pool area and ocean & ICW views. Inside there is a split bedroom plan, eat-in kitchen, impact doors & 8' 10'' ceilings. The Palm Beach Hampton is a Pet Friendly, Full Service Building with 24/7 Doormen & Gatehouse, 2 Garage Spaces , Tennis and the best Fitness Center around. With 800 feet of oceanfront, the Hampton is one of the most elegant oceanfront condominiums on South Ocean Blvd. The building and the public spaces have been completely renovated by one of the areas top designers. Seller will pay their prorated share of the special assessment up until the day of closing and the Buyer will assume the special assessment form the closing date forward The capital improvement loans are paid monthly. There are 3 loans in total. One for $7.5 Million and a combined loan of $1.2 Million and $3.85 Million. The Monthly payment for the $7.5 Loan is $812.06 which began in December 2018 and will continue for 10 years. The Monthly payment for the combined $1.2 & #.85 Loans are $574.41and they began in October 2019 and will continue for 10 years. The principal on the $7.5 loan is $59,256.92 + the combined principal of $45,254.34 for the $1.2 & $3.85 loans, come a total of $104,511.37 is what will be owed as of October 1 and December 1, 2021. But the P&I has to be paid monthly between now and then. If the January 2021 payments have been made, then the remaining P&I payments will be $8,120.60 for the $7.5 mil loan and $4,595.28 for the other two loans. That would make a grand total of $117,227.14.