Introducing an exceptional opportunity in the heart of Atlantic Beach, FL - 1451 Roxie Street, a prime lot boasting 102 x 105 square feet of expansive land. This incredible parcel offers endless possibilities for builders and developers looking to capitalize on the growing demand for premium real estate in this highly sought-after area.
Currently situated on the property are two mobile homes being sold AS IS, providing immediate rental income potential or the option to remove and start fresh. The maximum lot coverage for this property is 45%, with 15-foot setbacks in front and 10-foot setbacks in the rear, while the sides have a combined 15-foot setback, requiring a minimum of 5 feet. These generous allowances provide ample space for creative design and construction, allowing you to fully maximize the potential of this stunning piece of land.
One of the most enticing aspects of this property is its flexibility, offering the potential to either build your dream home on the spacious 1/4 acre lot or divide the land into two separate lots and build two homes. This presents a unique opportunity to cater to a diverse range of buyers, from families seeking a large, private sanctuary to investors looking for dual income possibilities.
Located in the beautiful coastal community of Atlantic Beach, FL, 1451 Roxie Street is a rare gem that should not be missed. Don't miss out on this incredible chance to secure a prime piece of real estate in one of Florida's most desirable locations. Act now and seize the opportunity to create a lasting legacy that will be enjoyed for generations to come.
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Our Executive Mortgage Banker:
Our Insurance Division:
$200,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
RVP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 917.838.7300
Melissa.Cohn@raveis.com
NMLS Mortgage Loan Originator ID 16953
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $160,000 | $160,000 | $160,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.250% | 6.990% | 6.250% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.582% | 7.159% | 6.518% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,091 | $1,063 | $1,372 |
Total Monthly Payment | $1,166 | $1,138 | $1,447 |
* 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.