Pictures prior to Hurricane Helene. This 3-bedroom, 2-bath home has been fully remediated following Hurricane Helene and offers a fantastic opportunity to gain instant equity with the necessary updates. Ideal for cash buyers, this property is located in a highly desirable area of St. Petersburg, just minutes from downtown and situated in a high-demand rental market.
The kitchen and both bathrooms were previously updated before the storm but will need new vanities and lower kitchen cabinets and countertops. The new drywall has been installed. While the home did experience flooding during Hurricane Helene, all remediation has been completed, and the home is now ready for your finishing touches.
With a newer pool and hot tub, plus a spacious fenced corner lot, this home offers great potential for investors or buyers seeking quick equity. Roof new in 2020. This home is perfect for those looking to bring new life to an existing structure CASH offers only, AS IS. Don’t miss this chance to own a home in a prime location with excellent upside potential.
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$499,000
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 | $399,200 | $399,200 | $399,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.250% | 6.990% | 6.250% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.582% | 7.159% | 6.518% |
Monthly Tax Payment | $414 | $414 | $414 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $2,723 | $2,653 | $3,423 |
Total Monthly Payment | $3,212 | $3,142 | $3,912 |
* 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.