Welcome to an extraordinary home designed for multi-generational living, located in the heart of Palmetto. This unique property is a duplex that features four separate living spaces, perfect for extended families or those seeking rental income potential. Main Living Space: Upon entering the larger side of the duplex, you’ll be greeted by a spacious 2, 392 SF of living area. The kitchen, updated in 2022, is a chef's dream with a 6-burner gas stove, butcher block countertops, and an oversized island that doubles as a dining space. The island is equipped with a pop-up electrical outlet featuring USB plugins for your convenience. The kitchen also boasts a 1923 antique sink and salvaged antique lighting fixtures that add a touch of historical charm. The flooring has been upgraded to new laminate, offering durability and a modern aesthetic. There are two large bedrooms connected by a Jack & Jill bathroom. The Florida room has 4-inch insulation, ensuring comfort year-round, whether you’re enjoying a sunny day or a cool evening. Secondary Living Space: The other side of the duplex offers a comfortable 1, 092 SF living area with a private entrance. This space features a large living area with newer stainless steel appliances & a split-plan layout with two bedrooms and one bathroom. The flooring is newly tiled, and new subway tile in the shower, which enhances the clean, modern feel of the space and the new AC unit will keep you cool during the hot summer months. Efficiency Studio: An additional efficiency studio in the main house is 258 SF and provides a full bathroom, kitchenette, and a Murphy bed, making it an ideal space for guests or as a rental unit. This studio is equipped with a window unit for additional cooling. The garage is a standout feature with a 20-foot wide door, ample storage, and a workshop area. It includes interior storage rooms and a shared laundry utility area accessible to all residents. Attached to the oversized garage is a fully furnished studio with its own bathroom, bed, and mini-split air conditioning unit. This "Kitchen Studio" (previously used as a commercial kitchen) has a separate entrance and back door leading to the backyard, providing additional privacy and convenience. Between the house and the garage, you’ll find a charming patio area. This space is perfect for enjoying the outdoors with fruit trees, a sunny spot for relaxation, and shaded areas for cooling off. The entire home is powered by a Tesla solar system, featuring 120 panels with a 14-year transferrable warranty remaining. This investment ensures that your electric bill is astonishingly low, averaging only $29 per month, making this home not only eco-friendly but also incredibly cost-effective. An exterior breezeway offers additional storage, keeping your outdoor space organized and tidy. Included with the purchase of this home is a 50-inch zero-turn Toro lawnmower, making lawn maintenance a breeze. The property is situated in a prime location in Palmetto, close to Snead Island, historic sights, shopping, dining, parks, marinas, schools, and more. Plus, with no HOA, you have the freedom to park your boat or RV right on the property. Whether you’re looking for a home that can accommodate a large family, provide rental income, or simply offer a spacious and flexible living arrangement, this property has it all. Don’t miss out on the chance to own this distinctive and versatile home!
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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 Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $796,000 | $796,000 | $796,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.750% | 6.750% | 6.750% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.406% | 6.864% | 7.058% |
Monthly Tax Payment | $490 | $490 | $490 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $5,163 | $5,163 | $7,044 |
Total Monthly Payment | $5,745 | $5,745 | $7,626 |
* 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.