Auction Property. Welcome to your next investment opportunity! This bank-owned fixer-upper presents a lucrative prospect for investors and owner-occupants seeking to customize their dream home. This ranch-style residence offers four bedrooms and two bathrooms, providing ample space for comfortable living. With a convenient carport and air conditioning, this property ensures both convenience and comfort year-round. Whether you're looking to flip for profit or settle into a spacious family home, this property offers endless potential for customization and value appreciation. Jacksonville boasts a wealth of activities and attractions for residents and visitors alike. Immerse yourself in the city's vibrant cultural scene by exploring the Cummer Museum of Art & Gardens or catching a performance at the Florida Theatre. Outdoor enthusiasts can enjoy the city's numerous parks and recreational areas, including the expansive Jacksonville-Baldwin Rail Trail and the serene Kathryn Abbey Hanna Park. Residents can enjoy sunbathing, swimming, and water sports year-round with miles of beautiful beaches along the Atlantic coast. From dining at eclectic restaurants to shopping in trendy boutiques, Jacksonville offers diverse experiences to suit every lifestyle. Experience the best of Florida living as you embark on your real estate journey.
All potential Buyers are requested to check with the City, County, Zoning, Tax, HOA, Schools, and other records to determine all details on this property listed above to their satisfaction. The Buyer is responsible for performing their due diligence before bidding. This is an AS-IS, REO property.
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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 | $55,040 | $55,040 | $55,040 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.875% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.551% | 7.042% | 6.160% |
Monthly Tax Payment | $116 | $116 | $116 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $366 | $362 | $464 |
Total Monthly Payment | $557 | $553 | $655 |
* 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.