Under contract-accepting backup offers. Discover the potential of this charming fixer-upper located at 306 Normandy Ave, New Smyrna Beach, FL. Nestled in the heart of the desirable North Beach area, this property offers a fantastic opportunity to create your dream home or investment property. The 50 x 123 lot provides ample space for renovation or new construction, allowing you to design a space that perfectly suits your needs.
This 2-bedroom, 1. 5-bath home is just a short stroll from the vibrant Flagler Avenue, known for its eclectic mix of shops, restaurants, and entertainment options. Enjoy the coastal lifestyle with easy access to the beach, where you can soak up the sun, surf, or take leisurely walks along the shore. Nearby, you'll find popular spots like The Breakers Oceanfront Restaurant, Third Wave Cafe & Wine Bar, and the Flagler Tavern, offering a variety of dining and nightlife experiences. The community's laid-back atmosphere and friendly vibe make it a perfect place to call home. Whether you're looking to renovate or build anew, this property presents a unique opportunity to invest in one of New Smyrna Beach's most sought-after neighborhoods. Don't miss your chance to be part of this vibrant coastal community!
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Our Executive Mortgage Banker:
Our Insurance Division:
$550,000
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 | $440,000 | $440,000 | $440,000 |
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 | $56 | $56 | $56 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,039 | $2,924 | $3,711 |
Total Monthly Payment | $3,187 | $3,072 | $3,859 |
* 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.