****THIS PROPERTY HAS FLOOD DAMAGE FROM HURRICANE HELENE** Being sold for lot value or complete renovation, lifting, or redevelopment. Sold as-is, CASH only, no wholesalers, no assignable contracts, no subject-to. Priced at land value and is perfect for redevelopment or new construction. This home is surrounded by multi million dollar waterfront homes. CASH OFFERS ONLY - SOLD AS-IS with no inspection contingencies. This is an investment or redevelopment opportunity, seller cannot warrant any aspects of the property. Nestled in the desirable Shore Acres community, this home offers more than just a place to live—it’s a lifestyle. Shore Acres is known for its strong sense of community, where neighbors become friends and amenities are plentiful. Enjoy the convenience of an upscale neighborhood market within walking distance, and embrace the golf cart-friendly streets that make getting around a breeze. The neighborhood is alive with annual events, from festive holiday parades to exciting boat regattas, fostering a vibrant community spirit. Nearby parks and trails invite you to explore the great outdoors, whether it’s a leisurely stroll or a scenic bike ride through picturesque surroundings. And with downtown St. Petersburg’s vibrant shops and restaurants, as well as the sparkling waters of Tampa Bay, just minutes away, you’ll never be far from the best that the area has to offer. Don’t miss your chance to experience the beauty and comfort of this remarkable residence. **Photos are from before Hurricane Helene and are for illustrative purposes only**
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William Raveis Real Estate
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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 Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $220,000 | $220,000 | $220,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.375% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.708% | 7.133% | 6.256% |
Monthly Tax Payment | $352 | $352 | $352 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,519 | $1,462 | $1,855 |
Total Monthly Payment | $1,946 | $1,889 | $2,282 |
* 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.