Under contract-accepting backup offers. Incredible investment opportunity in this charming Englewood neighborhood located just 2-1/2 miles from Englewood Beach. While this property has been impacted by recent flooding from Hurricanes Helene and Milton, the homeowners took swift action to remove affected drywall and quickly dry the house out.
A long driveway, several palm trees, and a welcoming front courtyard with a breezeblock knee wall provide attractive curb appeal. Upon entering the home you will notice the open living & dining room and cozy kitchen. Two bedrooms frame a hall bath on the left side of the house. An enclosed lanai at the rear of the house provides 318 sq. ft. of additional living space. Tile floors in good condition extend throughout the entire house and all windows are impact glass. The spacious 1-car garage has a storage and laundry alcove as well as a second full bath with shower. The fenced backyard has an air-conditioned "she-shed" that serves as a home office, as well as a second storage shed. Important features of this property include public water and sewer, impact rated windows in 2019, AC system in 2019, 200 amp electrical panel in 2019, and roof in 2012.
Clintwood Acres is a quaint neighborhood with minimal deed restrictions and ideally located close to area shopping, dining, medical facilities, and just minutes from charming Old Englewood Village. This area is known for a popular farmers market, car shows, festivals, boutique shops, art galleries, coffee shops, and restaurants making it a great year-round destination. Several nearby beaches, marinas, parks, and two Spring Training facilities are also just a short drive away. If you are looking to double your opportunity, 1775 Loralin Drive just across is also available! Make the investment and start earning great rental income or fix it up and call Englewood home.
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William Raveis Mortgage, LLC
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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 | $156,000 | $156,000 | $156,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.990% | 6.250% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.477% | 7.159% | 6.498% |
Monthly Tax Payment | $120 | $120 | $120 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,038 | $1,037 | $1,338 |
Total Monthly Payment | $1,233 | $1,232 | $1,533 |
* 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. The Total Monthly Payment does not include the estimated HOA/Common Charge payment.