Under contract-accepting backup offers. Photos taken before hurricanes Helene and Milton of this two-bedroom with den and one-bath home. Minimal intrusion from Helene only. New appliances have been ordered, lower electrical sockets are being changed out the week of November 1 and interior doors are ordered, and everything is being permitted by a contractor and done properly through code requirements. Prior to these storms, the property had gone through a list of upgrades and renovation such as a new roof, replaced plumbing all the way to the streets, all new electrical with a new electrical box, ready to handle a pool if someone wanted to add a pool, and new Hardie board siding. A full list of updates is available for before the storms and after. This home and lot are a great mid-island location. Weekly rentals are permitted so upon completion of the work one could immediately start to rent it out, live in it all the while, also consider making plans on whether to raise it. With no pool in the back, this oversized lot is great, extremely peaceful and easy to plan your future island residence. Survey and elevation certificates are available. The home has never been rented so there is no rental history, and the owners are occupying the residence. Please do not disturb them. Feel free to call for your appointment. I look forward to showing you how special our island is and how this property is so well-placed that you can get anywhere quickly, especially toes in the sand as that's only a block away!
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Our Executive Mortgage Banker:
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$950,000
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 Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $760,000 | $760,000 | $760,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.625% | 6.750% | 6.625% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.282% | 6.864% | 6.810% |
Monthly Tax Payment | $608 | $608 | $608 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $4,866 | $4,929 | $6,673 |
Total Monthly Payment | $5,566 | $5,629 | $7,373 |
* 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.