READY FOR REMODEL OR TEAR DOWN AND BUILD! New electric boat lift, newer seawall, concrete block exterior, trestle roof allowing remodeling of interior of walls, and terrazzo flooring throughout make this prime, Northeast St. Pete, waterfront home your next smart investment. Currently designed with an open layout of 3 bedrooms, 2 baths, office, a formal living room and separate great room, this 2, 375 sq. ft. home had water intrusion for the first time during Helene and was professionally mitigated 3 days after the storm. Easily put back or remodeled to suit the next owner's vision, all current interior walls are non-load bearing. For those looking for a great waterfront lot to build new construction, this protected lot is 75 feet wide by 100 feet deep and situated on a cul-de-sac on a deep water canal with easy access to Tampa Bay under the newly raised 40th Ave. N Bridge. The lift installed in 2021 supports up to 13, 000 pounds and is wired for remote control. All dock pilings have been recently wrapped. The waterfront Patrician Point neighborhood is located a few blocks from a new city recreation center with outdoor pool and indoor pickle ball. Vibrant downtown St. Pete and Florida's Gulf of Mexico beaches are just a short drive from this home. Come check out this gem today. Cash or construction loan only.
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William Raveis Real Estate
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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 Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $639,200 | $639,200 | $639,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.477% | 7.159% | 6.296% |
Monthly Tax Payment | $1,333 | $1,333 | $1,333 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $4,253 | $4,248 | $5,390 |
Total Monthly Payment | $5,678 | $5,673 | $6,815 |
* 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.