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1801 Gulf DRIVE N, #192, Bradenton Beach, FL, 34217 | $535,000
This ground floor two bedroom two bath is on the Bay of Sarasota, The condo received flood waters during Hurricane Helene with approximately 3 feet of water. The condo is currently undergoing moisture mitigation by Wrightway which is provided thru the assocations flood insurance. The insurance will cover replacing the walls/ insullation and doors once it is completely dried out, Addtionally the insurance wiill cover replacing the appliances and all cabinets that were impacted by the flood waters. The insurance will pay for restoring the unit with the exception of the washer and dryer and furniture. Additionally work is being done on the clubhouse, pool, fitness center, tennis and the pickelball facitiies which were damaged during the hurricanes.
The unit has a new water tank and the air conditioning was replaced in 2018. All windows and doors were replaced in 2013 with hurricane proof windows and doors.
Addtionally the board had approved to replace the roof prior to the hurricanes and the seller will pay in full the special assessment in the amount of $13, 986.
This is an opportunity to redecorate this unit to your particular style and taste.
This unit has an excellent rental history and is a favorite for return guests. In 2023 this unit had rentals exceeding $60k.
THE INTERIOR PICTURES WERE TAKEN DAYS BEFORE THE FLOODING.
Features
- Heating: Central
- Cooling: Central Air
- Levels: 1
- Rooms: 4
- Bedrooms: 2
- Baths: 2 full
- Laundry: Inside
- Complex: RUNAWAY BAY
- Year Built: 1978
- Approx Sq. Feet: 1,080
- Acreage: 10.79
- Est. Taxes: $7,672
- Condo Fee: $1,592 Monthly
- Elem. School: Anna Maria Elementary
- Pet Policy: Cats OK, Dogs OK
- Appliances: Cooktop, Dishwasher, Freezer, Range, Washer
- MLS#: A4626619
- Days on Market: 27 days
- Website: https://www.raveis.com
/prop/A4626619/1801gulfdriven_bradentonbeach_fl?source=qrflyer
Listing courtesy of ANNA MARIA ISLAND BEACHES RE Phone: 941-567-5234
William Raveis Family of Services
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Customer Service
888.699.8876
Contact@raveis.com
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To learn more about our credentials, visit raveis.com today.
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
- Has access to hundreds of loan programs, all at competitive rates
- Is in constant contact with a full processing, underwriting, and closing staff to ensure an efficient transaction
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
- Offers full-service coverage such as Homeowner's, Auto, Life, Renter's, Flood and Valuable Items
- Partners with major insurance companies including Chubb, Kemper Unitrin, The Hartford, Progressive,
Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable
1801 Gulf DRIVE N, #192, Bradenton Beach, FL, 34217
$535,000
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
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5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
|---|---|---|---|
| Loan Amount | $428,000 | $428,000 | $428,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 7.000% | 6.990% | 6.250% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 7.477% | 7.159% | 6.498% |
| Monthly Tax Payment | $639 | $639 | $639 |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $2,847 | $2,845 | $3,670 |
| Total Monthly Payment | $3,578 | $3,576 | $4,401 |
* 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.
William Raveis Mortgage, LLC, NMLS ID 2630, 7 Trap Falls Road, Shelton, CT 06484
FL Mortgage Lender MLD1388