**This home took on water during Hurricane Helene and has never flooded previously** Presenting an OPPORTUNITY to own waterfront property at a great price! This Hurricane Helene impacted home sits on a cul-de-sac on a canal with a 2022 boat dock with a 10, 000 pound lift. This charming block home has removed drywall and is ready to be renovated, lifted, elevated or scraped to build your dream home! The block construction offers 3 bedrooms, 2 bathrooms with 1832 living square feet in addition to an oversized 2 car garage. Roof is 2015, HVAC needs replacement from the hurricane, but ductwork and attic insulation were replaced in 2019. Natural gas is plumbed to the home and currently operates the tankless water heater and cooking range. The whole house was renovated in 2019. Bathrooms are intact and just need new vanities (counter tops were saved) and kitchen needs new lower cabinets and appliances (counter tops were saved). The backyard offers an enclosed pool with a new pool pump and new child safety fence, enjoy bug-free nights in your screened-in porch and use the open patio area for your outdoor kitchen. Boat can also convey with the property sale. This community is highly desirable and offers an active lifestyle featuring the Shore Acres Recreation Center that provides residents a gymnasium, catering kitchen, multipurpose rooms, a six-lane swimming pool, new playground, basketball courts and more! Downtown St Pete is minutes away and the 4th St corridor offers tons of restaurants, shopping and more.
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Our Executive Mortgage Banker:
Our Insurance Division:
$700,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
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 | $560,000 | $560,000 | $560,000 |
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 | $558 | $558 | $558 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,868 | $3,722 | $4,723 |
Total Monthly Payment | $4,518 | $4,372 | $5,373 |
* 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.