This Property has been the location of The American Legion Post K-11 since way back in the day. Original wood frame building burnt down and a metal bulding was put in its place Circa 1974. Renovated over the years, current renovations were also done after hurricane Ian. Still a few odds and ends to finish and will be completed prior to closing. This property offers approx 561 ft. on the water, 437 ft approx on streetside. Previously a Lodge for Members only, The Legion Hall ( as it's known ) is open to the public for food and drinks. Fully stocked bar operates during food service days and hours. (Currently Wednesday-Friday) Outside, the Tiki Hut is ready to begin serving again as well. Since expanding it's functions and being open to the public, this property has become a very popular Venue for Weddings and Reunions and various other special occasions. The Hall offers both Lady's and Gentlemen's restrooms. The Post K-11 plans to relocate to a smaller facility and will maintain their Liquor and food servce Lic. Depending on useage preferred by Buyer, they would need to obtain their own Lic. to serve Beer, Wine, Liquor and/or food. Kitchen and Bar equipment will stay as will the tables and chairs. There is a private office up front and a storage/AC equip. location room) The uses for this Building and the Property and out structures are many and varied and Buyer will want to clarify any and all with the City of Arcadia. The new Boat ramp is across the Drive as is a public park. Advance appointment is required. Please dont enter building or grounds without an appointment and being accompanied by a Realtor. Please be aware there may be cameras and recording so privacy is not guaranteed. (Pictures red outlines are taken from County records and do not reflect a certified survey, displayed as a reference as to size and location
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5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $720,000 | $720,000 | $720,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.625% | 6.625% | 6.625% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.282% | 6.762% | 6.036% |
Monthly Tax Payment | $14 | $14 | $14 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $4,610 | $4,610 | $6,322 |
Total Monthly Payment | $4,716 | $4,716 | $6,428 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.