Charming Mid Century Modern house located in Dana Shores. This rare 3 bedroom 2 and a half bathroom home with a detached 2 car garage. There are 2 master bedrooms with an ensuite bathroom in each. There is 85 feet of water frontage with a newer seawall which will last your lifetime. A 10, 000 lb boat lift with a recently redecked dock gives you access to the deep canal. Programmable Sprinkler system keeps the grass green. The kitchen and bathrooms have been partially updated. Plantation shutters and faux wood blinds adorn the numerous windows found within this home. This home has its original Terrazzo flooring and original wood kitchen cabinets. The Kitchen has updated stainless steel appliances and granite countertops. Laundry and water heater are located in the detached garage. There is a large covered patio in the rear. The lot size is 85 ft wide by 110 ft deep. This home will qualify for a mortgage with the following:
Roof installed: 2013 3 ton Rheem Air Conditioner: 2018 Seawall: recent (within last 10 years)
Talk about location: A right turn on one traffic light will get you to the Airport exit in 2 minutes. In about 3 minutes you can reach I-275 and the bridges which cross to Saint Petersburg and Clearwater.
Note to buyers and investors. Dana Shores is an underpriced waterfront community that is surrounded by multi-million dollar waterfront properties in every direction. Newer homes built in this community and restored homes are being sold in the 1 to 3 million range. You can’t go wrong with this home if you are buying to keep long-term or if you are interested in a flip.
The owner is listing this property in its current condition before planning a major renovation to occur in upcoming months. This property will be taken off market if the owner decides to proceed with his remodel plans. Until then, this is your opportunity to acquire this wonderful home in an amazing location which is essentially listed at land value.
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Melissa.Cohn@raveis.com
NMLS Mortgage Loan Originator ID 16953
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $700,000 | $700,000 | $700,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.250% | 6.250% | 6.000% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.371% | 6.372% | 6.182% |
Monthly Tax Payment | $626 | $626 | $626 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $4,310 | $4,310 | $5,907 |
Total Monthly Payment | $5,028 | $5,028 | $6,625 |
* 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.