Investor Special! Don’t miss this opportunity to own a waterfront block pool home at the end of a cul-de-sac in the desirable Tanglewood neighborhood located in NE St. Petersburg! Only 7 minutes from downtown, this property sits on a deep water canal with direct access to Tampa Bay.
With a new roof (2021) and an A/C unit installed in 2015, this house just needs a cosmetic rehab to make it your dream home! The seller has a quote from a verified contractor to complete a full cosmetic rehab for roughly $75, 000. While the home has never sustained any flood damage since it’s construction 53 years ago, it did get 6 inches of flood water from Helene and NO damage from Milton. The remediation has been completed to FEMA specifications - all damaged drywall has been removed, with use of professional drying equipment and antimicrobial treatment completed. The pool has been professionally cleaned and serviced as part of the remediation along with a new pool pump and new timer system installed.
Priced under land value, this is a fantastic deal for a waterfront pool home! Do not miss out on this opportunity!
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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 | $591,999 | $591,999 | $591,999 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.250% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.655% | 7.146% | 6.276% |
Monthly Tax Payment | $393 | $393 | $393 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $4,038 | $3,935 | $4,992 |
Total Monthly Payment | $4,523 | $4,420 | $5,477 |
* 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.