LIFE HACK: live in the front, rent out the back! This mid-century style home with incoming producing potential is perfectly situated between the award-winning Gulf Beaches (just 12 minutes away) and downtown Saint Petersburg (13 minutes away). This home sits in a quiet, serene neighborhood lined with mature trees. Plus, it's located high and dry in FLOOD ZONE X, where no flood insurance is required! (no damages from Helene or Milton)
The main home features 2 bedrooms, 1 bathroom, and an outdoor covered patio. Upon entering, you'll notice the open living room space showcasing the home’s original built-in shelving. Down the hall, step into the primary suite, which offers the perfect blend of charm and modern upgrades. It includes the original built-in closet and drawers, a new ceiling fan, and luxury vinyl plank flooring throughout. The adjacent bathroom has been completely renovated, featuring hexagon tile flooring, a new sink, vanity, and light fixture. Step through the French doors into the guest bedroom, currently set up as a den but easily adaptable as a bedroom, office, yoga studio, or more—the possibilities are endless! The kitchen has been fully remodeled with terrazzo tile flooring, white shaker cabinets, and newer samsung stainless steel appliances. Towards the back of the home is the sunroom, currently serving as an office but offering versatile use options. And now, for the BEST part! This home sits on a large lot (5, 728 sqft | 0. 13 acres), rare to come by in Saint Pete. Step outside into your enclosed patio that has enough space for a lounge area and table setting. Relax in the morning with a cup of coffee, or un-wind at night time with a glass of wine. It also has a private, fully fenced yard/terrace, ideal for backyard gatherings and barbecues. If one wishes, you could easily remove the fence & add a pool. Now, onto the fully updated garage studio! Reimagined in 2018, this space includes its own private entrance, terrace, and parking pad. Inside, you’ll find a full bathroom with a walk-in shower and fresh tile, closed off by a new barn door. The living area beneath the loft features washer and dryer hookup, assuring guests have all they need. Upstairs, the loft sleeping quarters comfortably fit a queen-sized bed and nightstands. There’s also a mini-fridge, butcher block countertops, and bar space—perfect for guests or as even a rental for additional income. Did you know Saint Petersburg holds a Guinness World Record for logging the most consecutive days of sunshine—a stretch that began in 1967 and lasted 768 days! Additionally, St. Pete Beach, with its white sands and warm, clear waters, was named the best beach in the USA in 2021 by TripAdvisor. This home truly has it all and would make the perfect residence or investment opportunity. Schedule your private tour today! *NO damage sustained from Hurricane Helene. *
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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 | $392,000 | $392,000 | $392,000 |
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 | $345 | $345 | $345 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $2,608 | $2,605 | $3,306 |
Total Monthly Payment | $3,028 | $3,025 | $3,726 |
* 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.