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:
•Although the "Actual Year Built" was 1964, the "Effective Year Built" is 2002 which is the estimated age of the property based on its current condition, including renovations, updates, and wear and tear.
•FULLY RENOVATED and cute-as-a-button 3-bedroom home sitting pretty on a high and dry homesite measuring approximately 58 wide x 108 deep, in a NON-FLOOD ZONE X and NON-HOA part of town.
•The home features all new luxury vinyl flooring, window blinds, new fixtures, new barn doors, ceiling fans in all 3 bedrooms including living room, a beautifully renovated kitchen with all new stainless-steel appliances: refrigerator, dishwasher, stove, and mounted microwave; as well as all new cabinetry, garbage disposal, single-hole deep kitchen faucet with modern spray head, stone countertops, and a decorative backsplash tile.
•The well-built one-bedroom converted garage welcomes you with a barn door and it includes a storage room that may be used as a closet; it is also set up with washer and dryer hook-ups.
•Two single-sink vanities make up the bathroom that includes a beautifully tiled shower and tub.
•Re-roofed in 2011 – wind mitigation report and disclosures are attached to the listing for public view. New fence installed in 2021; Tuff Shed installed in May/June 2022. There is an additional storage Shed and still ample yard space to fit a pool.
•The property is on public utilities and sewer; within steps from public transportation and from one of Pinellas County’s highly sought-after hubs: City of Safety Harbor which is located on the west shore of Tampa Bay. Enjoy the Marina & Pier, Safety Harbor Resort and Spa, Art and Music Center, Philippe Park for paddle boarding, kayaking, boat launch, fishing, play areas or, enjoy a soothing stroll under some of the most gorgeous oak trees around. Restaurants, schools, waterfront parks, tons of chic spots are also some of many activities that Safety Harbor offers, and this home-sweet-home is just steps from all of it yet tucked away in a residential street surrounded by homes alike.
•Properties like this are a dream for many so take action now instead of listening to fear mongering hype because Florida's real estate market is on a continuous upswing with no downward shift in sight.
•Measurements including square footage are an approximation. Buyers are encouraged to verify all information herein.
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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 | $364,000 | $364,000 | $364,000 |
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 | $338 | $338 | $338 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $2,422 | $2,419 | $3,070 |
Total Monthly Payment | $2,835 | $2,832 | $3,483 |
* 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.