ATTN DEVELOPERS/BUILDERS! Opportunity to buy PRIME WATERFRONT LAND in an area populated by upscale homes selling new in the $700-$1000/sq ft range. Flood damaged 3/3 GARAGE HOME WITH COMPOSITE DOCK 32' X 10' (has water and electric), Suitable for up to 32' boat, 60 FEET OF WATER FRONTAGE, No fixed bridges to open water, Home has been gutted.
UNIQUE OPPORTUNITY TO BUNDLE (SIGNIFICANT DISCOUNT OFFERED!) WITH THE FLOOD DAMAGED HOME (2/1 Garage) ON CORNER LOT ACROSS THE STREET! DEVELOP TWO NEIGHBORING PROPERTIES SIMULATANEOUSLY AND LOWER YOUR DEVELOPMENT COSTS. SEE MLS #TB8316673, 1954 BAYOU GRANDE BLVD NE. (Also available for sale separately. ) SIGNIFICANT DISCOUNT OFFERED FOR SIMULTANEOUS PURCHASE/CLOSING OF BOTH HOMES, $1M AS IS. >CASH ONLY! QUICK CLOSE PREFERRED. < NO CONTRACTS WITH ASSIGNABIILTY WITH RELEASE OF LIABILITY <
Looking for a personal purchase? These two properties are perfect for extended families looking to build their dream home on the water and build to suit a family member on the lot across the street.
Boats lifts will be relocated by Seller and are excluded from the sale. Otherwise, dock will remain unchanged.
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Our Executive Mortgage Banker:
Our Insurance Division:
$829,900
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 | $663,920 | $663,920 | $663,920 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.625% | 6.750% | 6.500% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.343% | 6.876% | 6.725% |
Monthly Tax Payment | $886 | $886 | $886 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $4,251 | $4,306 | $5,783 |
Total Monthly Payment | $5,229 | $5,284 | $6,761 |
* 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.