Absolutely amazing investment opportunity. 2 bedroom, 2 bath, 1444 sq foot home with Gulf of Mexico access in your back yard. The home was flooded by Helene, but per the seller it has not flooded in the past, not even during Idalia. Homes two doors down didn’t flood as well on this street during Helene so you are definitely a little higher than other surrounding areas. This home has newer hurricane windows throughout, main roof was done in 2013, Flat roof in 2014, seawall and dock was done in 2014. A/C is working fine and no electrical issues are known as the water never got over the 3 1/2 inch baseboards inside the home. The layout is amazing in this home. There is a nice indoor laundry room right off the kitchen and a large living room/dining room combo. The hall bath has been updated and is adjacent to the second bedroom. The owners suite is amazing with two closets, one being a walk in. The en-suite bath has a plumbing for double sinks, a water closet, shower and a separate jacuzzi tub. The water did not get to the motor of the jacuzzi tub per the seller. There is an enclosed lanai off the back of the home that is an additional 220 sq feet and has a window unit A/C. The dock and seawall are in amazing condition as well as the 5000 pound boat lift. Just a short boat ride to the Gulf of Mexico.
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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 Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $199,920 | $199,920 | $199,920 |
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 | $159 | $159 | $159 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,364 | $1,329 | $1,686 |
Total Monthly Payment | $1,598 | $1,563 | $1,920 |
* 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.