PRICE REDUCED! Unique-Special Custom Built MULTI-GENERATIONAL Light & Bright with high ceilings, three bedroom-3 bathroom residence, located on a peaceful & tranquil dead-end street in South Venice Beach surrounded by privacy & nature! Numerous major upgrades include: 2023 ROOF, soffits & gutters, 2023 New AC & waterproof flooring, whole house RE-PLUMBED, new Insulation whole house, plus New kitchen cabinets, countertops & deep sink in the kitchen and more! The original house was built in 1983 & IN 2007 the CUSTOM 2 story IN-LAW SUITE was ADDED & was CONSTRUCTED OF SOLID CONCRETE, and RENOVATED IN 2023! Large open rooms with natural light & high ceilings, plus three inviting & generous-sized private screened-covered lanais on both levels, all beacon to the lush tropical views this home offers! The in-law suite enjoys private entry, as well as in interior access, plus two exclusive screened & covered lanais on each level. Other features of this residence include inside laundry room, 2-car garage, 2- solar attic fans, exterior sensor lights, 3 independent AC units, lush tropical landscaping & numerous other upgrades, list available. TRANSFERRABLE FLOOD INSURANCE $1568. ELEVATION IS 11 feet.
Another unique aspect of the South Venice Beach neighborhood is the waterfront Community Park with boat ramp & ferry service to it's own 1300 foot deeded beach that is owned by the residents. A nominal annual fee is required to use South Venice Beach facilities. All fees are optional. Additionally, Shamrock Park is a few blocks, offering a playground, nature trail, basketball and tennis courts, and access to county-wide trails, including the renowned Legacy Trail. The convenience extends further with various amenities such as The Island of Venice, dining, shopping, medical facilities, golf, & tennis, all within a 5-minute reach. Also, the South Venice Beach Civic Association on Alligator Drive organizes intriguing events & social opportunities for the residents, enhancing the sense of community. In essence, this residence not only provides a comfortable living space but also grants you a slice of paradise, inviting you to live in perpetual vacation mode. Easy to show this Must-See Gem!
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Our Executive Mortgage Banker:
Our Insurance Division:
$487,500
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 | $390,000 | $390,000 | $390,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.477% | 7.159% | 6.296% |
Monthly Tax Payment | $135 | $135 | $135 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $2,595 | $2,592 | $3,289 |
Total Monthly Payment | $2,805 | $2,802 | $3,499 |
* 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.