EXPLORE THE POSSIBILITIES. Yes, the property sustained flooding (18 inches) during hurricane Helene (Sept 2024). Flood cuts and treatment have been PROFESSIONALLY COMPLETED WITH FULL REMEDIATION DOCUMENTATION AVAILABLE. Property is being sold AS-IS and offers a SUPERB OPPORTUNITY to purchase WATERFRONT PROPERTY on arguably ONE OF THE MOST DESIRABLE STREETS in Madeira Beach. The existing 3 BED / 2 BATH BLOCK HOME sits on a 7, 200SF PARCEL with 60FT of PROTECTED, DEEP WATER INTRACOASTAL CANAL FRONTAGE and EASY BOATING ACCESS to John’s Pass and the sparkling waters of the GULF OF MEXICO beyond. Zoned Single Family Residential (R-1) with a 6 month minimum rental period, you truly get a sense of NEIGHBORLY LIVING, with fun in the sun at every turn, an array of shops, restaurants, waterfront activities close by, and of course just a short walk, ride or roll to the white sands of the beach. You won’t want to leave the island, but for those that need to travel a little further than beach paradise, this location provides efficient access to main Pinellas County thoroughfares, local airports, Tampa and St. Pete. CALL TODAY, YOUR FUN IN THE SUN AWAITS! Buyer is advised to review all applicable FEMA/State/County/City reconstruction guidelines and any other matters deemed important to the Buyer.
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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 Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $660,000 | $660,000 | $660,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.625% | 6.625% | 6.625% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.282% | 6.762% | 6.036% |
Monthly Tax Payment | $304 | $304 | $304 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $4,226 | $4,226 | $5,795 |
Total Monthly Payment | $4,622 | $4,622 | $6,191 |
* 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.