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Sold - 2937 Turbot Dr

$89,900 +

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Address: 2937 Turbot Dr.	City/ST: Madison, WI	Zip Code: 53713
Location: Madison	Property Type: Condo	New or Resale: New
Square Footage: 988	Bedrooms: 2	Bathrooms: 1
MLS# 1571558	Property Tax: 2013	Monthly Rent Estimate: $115

At this price it's just foolish to rent! This fantastic two bedroom condo is just waiting for you to move right in! Beautifully decorated and well maintained sunny unit features updated kitchen with newer counters and appliances. Large open living room, nicely sized dinette and private patio. Large in-unit laundry area and private one car attached garage with extra storage space. Low condo fee and low utility bills. You can't beat this condo for the price! Take advantage of the $8,000 credit before it's gone!

Last Updated: 5/11/2010 5:31:53 PM

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Style: Garden; Dining: Formal; Kitchen Features: Range/oven, Refrigerator, Dishwasher; Parking: 1 car attached garage with opener; Exterior: Brick/Stone; Condo Management: Unit owners; Fee Includes: Snow removal, common area maintenance, common area insurance, reserve fund; Fuel: Electric; Heating/Cooling: Radiant electric, Wall AC; Water/Waste: Municipal water, municipal sewer; Roof: composition/fiberglass; Miles to Capitol: 0-10 miles; Occupancy: At closing, owner occupied; Interior Features: Wood trim, walk-in closet(s), private laundry, washer, dryer, water softener included, security system, cable/satellite available, some window coverings, high speed internet; Exterior Features: Private Entry, Patio; Common Amenities: Security System, Close to busline;

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Financing Your Home >The Margin on an ARM

When you are shopping for an Adjustable Rate Mortgage, the important thing to consider is the margin. Each time your loan is adjusted, the new interest rate will be tied to an index of Treasury notes. The margin is the percentage point above that index where your rate will be set.

Let's suppose that you have a one-year ARM with a 2.5 margin. Your initial rate was 7.5%, and during the first year of the loan, the index of 1-year Treasury notes was at 6.25%. The rate for the second year of your loan would be adjusted to 8.75%. With a margin of 2.75, it would increase to 9%. Some lenders offer lower initial rates with higher margins. In this case, the subsequent rates could be higher after the first year, than if you chose a higher initial rate with a lower margin.

If you are confused by the various mortgage offers, ask a professional mortgage broker to sit down with you and show you how it works. Today the rates and different financial possibilities are so variable that it is a good idea to talk to a mortgage broker--they usually know where the best rates can be found.

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Q	What is the world's longest wall?
A	The Great Wall of China, at a length of 2,150 miles, nearly three times the length of Britain.
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Nicole Charles and Associates, REALTOR�, real estate agent and broker for Madison, Middleton and Verona, Wisconsin home listings, property and land for sale - NUMBER1EXPERT

Nicole Charles
Keller Williams Realty
3 Point Pl.., Suite. 100
Madison, WI 53719
608-513-0021
Fax: 608-831-0825
nicolecharles@NUMBER1EXPERT.com

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