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3418 2nd AVENUE S, St. Petersburg, FL, 33711 | $190,000
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, "Coulda', shoulda', woulda'. . . "
The average rate on a 30-year mortgage is around 6. 0%! 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:
•Adjacent to 3434 2nd Ave which is also owned and listed for sale by the same sellers [see MLS #TB8312153].
•Although the "Actual Year Built" was 1950 when the property was originally constructed, the "Effective Year Built" is 1983 which is the estimated age of the property based on its current condition, including renovations, updates, and wear and tear.
•This structure was built towards the rear of the 40 feet wide by 125 feet deep homesite that is large enough to build yet another structure or maybe subdivide.
•The home is a fixer-upper, sold AS IS in its current condition but loaded with potential due to its prime location and homesite.
•The first level is a 480 square foot garage.
•On the second level you will find a full kitchen, a dining area, a spacious living room, a full bathroom with tub and shower, and one large bedroom.
•There is a refrigerator and a cooktop in place, window AC unit and a full-sized electric water heater installed.
I highly suggest you take action instead of listening to fear mongering hype because Florida's real estate market is on a continuous upswing with no downward shift in sight. . .
Features
- Rooms: 4
- Bedrooms: 1
- Baths: 1 full
- Lot Size: 40 x 125
- Laundry: None
- Year Built: 1950
- Garage: 2-car Off Street, On Street
- Heating: None
- Cooling: Wall/Window Unit(s)
- Approx Sq. Feet: 480
- Acreage: 0.11
- Lot Size: 40 x 125
- Est. Taxes: $1,528
- Lot Desc: Cleared, City Lot, Level, Near Public Transit, Oversized Lot
- Pet Policy: Yes
- Appliances: Cooktop, Electric Water Heater, Refrigerator
- MLS#: TB8312070
- Days on Market: 0 day
- Website: https://www.raveis.com
/prop/TB8312070/34182ndavenues_stpetersburg_fl?source=qrflyer
Listing courtesy of BARADIT PROFESSIONAL ASSOCIATION Phone: 727-371-6774
William Raveis Family of Services
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Contact@raveis.com
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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
- Offers you pre-approval in minutes!
- Provides a guaranteed closing date that meets your needs
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Robert ReadeRegional SVP Insurance Sales, William Raveis Insurance
860.690.5052
Robert.Reade@raveis.com
Our Insurance Division:
- Will Provide a home insurance quote within 24 hours
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Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable
3418 2nd AVENUE S, St. Petersburg, FL, 33711
$190,000
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 | $152,000 | $152,000 | $152,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 7.250% | 6.490% | 5.750% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 7.681% | 6.678% | 6.034% |
| Monthly Tax Payment | $127 | $127 | $127 |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $1,037 | $960 | $1,262 |
| Total Monthly Payment | $1,239 | $1,162 | $1,464 |
* 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.
William Raveis Mortgage, LLC, NMLS ID 2630, 7 Trap Falls Road, Shelton, CT 06484
FL Mortgage Lender MLD1388