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A thumbnail explanation of the difference between
a Condominium and a Co-op:
Both of these
terms refer to the manner of ownership of an apartment or sometimes
a townhome or villa unit.
Owning a
Condominium is very similar to owning other real estate. A
Condominium comes with a deed and is very much like owning other
types of real estate in terms of financing, taxes, etc, with the
added benefit of carefree apartment living.
When you buy
a Co-op, what you actually buy is a proportionate number of
shares in the corporation that owns the building.
The
corporation in which you are a shareholder then issues you a
proprietary lease entitling you to live in the unit you have
purchased.
Financing, the
manner in which sales are recorded, rules and other details are
sometimes different for Condos than for Co-ops.
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If you don't want to live too far away from your boat, this
residence is for you.
With only 16 exclusive residences, this fine two story
building offers the best of "Old Florida" with modern upgrades like new tile
floors.
The kitchen is fully equipped with dishwasher, disposal,
refrigerator, range and microwave.
The co-op provides a beautifully maintained pool and
landscaping and other amenities.
And though this is a co-op, there is no land lease and
financing and some subletting are permitted.
Click here for the difference between a Condo and a Co-op.
Live on a deep water dock in the prestigious Coral Ridge
Country Club and enjoy year-round yachting as well as all the amenities of your
well established upscale neighborhood.
This Two Bedroom/ One Bath co-op residence is offered at
only $230,000 fully furnished, with monthly maintenance of only $655/quarter,
less than $220 a month.
Want to see this property now? Email
me at
AndyWeiser@aol.com or call me 954-560-9667.
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