Welcome home to this amazing cottage in the heart of Historic Palmetto. This adorable home sits on a corner lot in a quiet neighborhood just a few blocks from the Manatee River. Recent updates include New HVAC, New plumbing, New electrical panel, complete bathroom remodel i 2023, a brand-new pool and more all in 2021. This cottage features an open covered front porch as well as a screened in lanai just off the pool. The main home consists of 2 bedrooms and 1 bathroom with an open living and kitchen floorplan. There is also a detached studio space featuring a full bath right off the pool that would make a great guest house. The home is located on a corner lot and is fully fenced with mature landscaping. With this home being minutes to downtown Palmetto, Bradenton and just 11 miles to the beautiful beaches of Anna Maria it would make a great place to call home. This has been operating as a successful vacation rental home with $32K already realized in 2024 and $13K on the books so far in future rentals.
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$485,000
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 Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $388,000 | $388,000 | $388,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.875% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.477% | 7.055% | 6.256% |
Monthly Tax Payment | $418 | $418 | $418 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $2,581 | $2,549 | $3,272 |
Total Monthly Payment | $3,074 | $3,042 | $3,765 |
* 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.