OPPORTUNITY AWAITS!! THIS AMAZING PROPERTY IS FLORIDA LIVING AT ITS FINEST. . LOCATED 1 BLOCK FROM THE HALIFAX RIVER/INTRACOASTAL WATERWAYS AND MULTI-MILLION DOLLAR HOMES. IT IS RIGHT IN THE HEART OF DAYTONA BEACH AND GREATER BEACHES AREA. . THIS PROPERTY CHECKS OFF ALL THE BELLS AND WHISTLES. . THERE IS A HUGE UPSIDE POTENTIAL FOR THIS PROPERTY BEING SO CLOSE TO MULTI-MILLION DOLLAR HOMES THE INTRACOASTAL WATERWAYS AND THE BEACHES YOU COULD MODERNIZE THIS HOME AND THE RESALE VALUE COULD BE ENORMOUS. . THERE ARE 3 STRUCTURES ONSITE A MAIN HOUSE, A COTTAGE AND A TINY HOUSE THE TINY HOUSE/ WORK SHOP HAS TO BE REMOVE AS PER THE CITY OF HOLLY HILL AND WILL BE REMOVED BEFORE CLOSING. . THE MAIN BUILDING IS OVER 2740 SQFT. WITH 7 BEDROOMS AND 2 1/2 BATHROOMS. . THE COTTAGE NEEDS SOME TLC BUT HAS TONS OF POTENTIAL THIS COULD BE USED AS MOTHER-IN-LAW SUITE OR AN ADDITIONAL RENTAL UNIT. . THE OWNER PUT ON A NEW METAL ROOF IN 2018, EXTERIOR PAINT AND NEW HURRICANE IMPACT WINDOWS ON THE COTTAGE, IT IS CURRENTLY VACANT BUT WITH SOME UPGRADES THE COTTAGE COULD BE OPERATIONAL AND BRINGING IN MORE INCOME OR COULD BE A COZY IN-LAWS QUARTERS. . THE MAIN HOUSE HAS SOME RECENT UPGRADES A NEW ROOF, NEW GUTTERS, NEW PAINT, 1/3 OF THE BUILDING HAS HURRICANE IMPACT WINDOWS AND NEW TILE FLOORING. . . CURRENTLY THE OWNER PAYS FOR WATER, ELECTRICITY AND GAS WHICH OPERATES THE DRYER, STOVE AND WATER HEATER. . THIS PROPERTY IS CENTRALLY LOCATED AND CLOSE TO THE BEACH, HARD ROCK HOTEL AND EVERYTHING DAYTONA BEACH HAS TO OFFER. . DON'T LET THIS AMAZING OPPORTUNITY PASS YOU BY. CALL NOW. . . .
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Our Executive Mortgage Banker:
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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 | $340,000 | $340,000 | $340,000 |
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 | $355 | $355 | $355 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $2,262 | $2,234 | $2,867 |
Total Monthly Payment | $2,692 | $2,664 | $3,297 |
* 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.