So many possibilities! Prime location in growing Downtown Palatka's South Historic District. Just off busy St. John's Ave, near city boat ramps and views of St. John's River from the upper deck. Approximately 8, 000 square feet gives you plenty of space for almost anything. Built to serve as the local Elks Club, later was used in part for restaurant and bar, has some equipment remaining such as fire suppression equipment and hoods etc that could be reinstalled. Current owner started renovations including new sewer lines, water lines and gas line. Access with the frontage on Oak street as well as South 3rd Street. Recent Historic Survey classified as Non-Contributing designation which gives more flexibility for future renovations. Plans available under documents that show the current owners idea for renovation. Building has solid bones and was tented for termites 2023 with 5 year warranty. It is ready for your vision. Creative owner terms negotiable and possible discount for CASH!
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Our Executive Mortgage Banker:
Our Insurance Division:
$1,200,000
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 | $960,000 | $960,000 | $960,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.625% | 6.750% | 6.625% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.282% | 6.864% | 6.810% |
Monthly Tax Payment | $397 | $397 | $397 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $6,147 | $6,227 | $8,429 |
Total Monthly Payment | $6,669 | $6,749 | $8,951 |
* 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.