|
Nestled in the heart of West Augustine, this historic property offers a restoration opportunity. Built in 1894, this two-story Frame Vernacular residence boasts timeless charm and a rich history. Stripped down to the studs, this home is a blank canvas awaiting your vision. The property spans lots 5 and 6, with lot 7 available separately. Zoned RS-2 with multi-family potential (currently has 3 meters), the possibilities are endless. Whether you envision a grand single-family residence or a profitable Airbnb, this home is ready to be transformed. Significant architectural elements, including locally produced coquina concrete block columns, await restoration, blending historic charm while enjoying the comforts of contemporary living. Located in Flood Zone “X, ” this property is “high & dry, ” and flood insurance is not required. Additionally, it could be nominated as a Local Historical Landmark, offering potential tax exemptions and federal tax credits for qualifying renovations. Perfectly situated to enjoy all that St. Augustine has to offer, this property is on a quiet residential street with plenty of off-street parking. A short stroll brings you to the vibrant Historic Downtown, teeming with shops, restaurants, and cultural landmarks. Flagler College is only a few blocks away, making this an ideal location for student housing or a lucrative vacation rental. Embrace the chance to live in a home that is a testament to the rich tapestry of West Augustine’s history. Your journey into a historic living starts here.
Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
Our family of companies offer our clients a new level of full-service real estate. We shall:
To learn more about our credentials, visit raveis.com today.
Our Executive Mortgage Banker:
Our Insurance Division:
$550,000
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 | $440,000 | $440,000 | $440,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.990% | 6.250% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.841% | 7.159% | 6.518% |
Monthly Tax Payment | $677 | $677 | $677 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $2,927 | $2,924 | $3,773 |
Total Monthly Payment | $3,696 | $3,693 | $4,542 |
* 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.