700 W Venice AVENUE, #206, Venice, FL, 34285 | $350,000

According to analysts, there will be a 4% increase in home prices by 2025. . . and with dropping interest rates, I'd schedule a showing today of this promising property before you tell yourselves, "Shoulda', coulda', woulda'. . . "

The average rate on a 30- and 15-year mortgage is around 6. 0% - 6. 7%! Maybe you ought to call your lender now because as interest rates drop, the demand for housing will increase. . . so don't miss out, make the call, and schedule your showing today of this great investment.

About the property:

•Steps from Florida's highly sought after VENICE BEACH, Historic Downtown Venice, Farmers Market, retail, restaurants, entertainment you will find this modern second floor condo.

•Bright natural lighting compliments this fabulous condo that may be leased for a minimum of 7 days straight after closing - no need to wait months or years to start making passive income if that's your wish or, you could just move right in as it is being offered FULLY FURNISHED.

•The vastly oversized bedroom also includes a large walk-in closet.

•The tastefully renovated bathroom includes tub, shower, and dual sinks.

•Kitchen is fully equipped with utensils, pots, pans, all appliances: refrigerator, cooktop, dishwasher, mounted microwave.

•Spacious dining area includes hutch, table, and four chairs.

•Ceiling fans in nearly every room: living room, dinnette, bedroom.

•Worry-free HVAC system was newly installed October 2023 keeping you nice and cool year-round.

•Properties such as these are a dream to many and with Florida's real estate market on a continuous upswing, you might not want to delay so don't believe the hype and schedule your showing today of this fabulous condo that is only STEPS FROM VENICE BEACH AND THEN SOME.

Features

  • Heating: Central
  • Cooling: Central Air
  • Levels: 2
  • Amenities: Laundry
  • Rooms: 5
  • Bedrooms: 1
  • Baths: 1 full
  • Laundry: Outside
  • Complex: COCO PALMS
  • Year Built: 1978
  • Approx Sq. Feet: 690
  • Est. Taxes: $3,757
  • Condo Fee: $1,500 Quarterly
  • Pet Policy: Yes
  • Appliances: Cooktop, Dishwasher, Disposal, Electric Water Heater, Microwave, Refrigerator
  • MLS#: TB8306892
  • Days on Market: 45 days
  • Website: https://www.raveis.com
    /prop/TB8306892/700wveniceavenue_venice_fl?source=qrflyer
This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this Site comes in part from the IDX Program of MFRMLS (My Florida Regional MLS DBA Stellar MLS). The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. (last updated 11/22/2024 8:17:12 AM)
Listing courtesy of BARADIT PROFESSIONAL ASSOCIATION   Phone: 727-371-6774

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Melissa CohnRVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 16953

917.838.7300

Melissa.Cohn@raveis.com

Our Executive Mortgage Banker:

  • Is available to meet with you in our office, your home or office, evenings or weekends
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Our Insurance Division:

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700 W Venice AVENUE, #206, Venice, FL, 34285

$350,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Melissa Cohn

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 $280,000 $280,000 $280,000
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 $313 $313 $313
H/O Insurance Payment $75 $75 $75
Initial Principal & Interest Pmt $1,863 $1,861 $2,361
Total Monthly Payment $2,251 $2,249 $2,749

* 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.  The Total Monthly Payment does not include the estimated HOA/Common Charge payment.