According to analysts, there will be a 4% increase in home prices by 2025. . . and with dropping interest rates, I'd schedule a showing today of this promising property before you tell yourselves, "Shoulda', coulda', woulda'. . . "
The average rate on a 30- and 15-year mortgage is around 6. 0% - UNDER 7%! Maybe you ought to call your lender now because as interest rates drop, the demand for housing will increase. . . so don't miss out, make the call, and schedule your showing today of this great investment.
About the property:
•Masonry Construction: Although the "Actual Year Built" was 1979, the "Effective Year Built" is 2001 which is the estimated age of the property based on its current condition, including renovations, updates, wear, and tear.
•FULLY RENOVATED and cute as a button is this 1, 248sf single family home in one of the most highly sought after areas of South Tampa: VIRGINIA PARK.
•This move-in ready, home-sweet-home surrounded by million dollar estates and within a very short distance from public transportation, retail stores, schools, and entertainment comes with many beneficial features, including:
-Two bedrooms – master includes a private bathroom with a fully tiled walk-in shower and a walk-in closet. Both bedrooms include new double-pane glass doors leading to the patio and backyard, new carpet, and new ceiling fans.
-Fans, LED lights, and outlets were all newly installed.
-New interior doors, trim, and shelving.
-New exterior and interior paint including ceilings and all trim.
-New insulated double-pane windows and slider doors were recently installed in 2024.
-New water heater installed 2024.
-New kitchen cabinets, pantry, and granite countertops.
-New luxury vinyl floors in the living room, foyer, kitchen, dining area, and in the bonus room.
-The dining area is tiled and includes a new track lighting fixture.
-Central HVAC was installed in 2021.
-Shingle roof was replaced in 2014.
-All new stainless-steel kitchen appliances included: refrigerator, mounted microwave, stove, garbage disposal, and a slightly used dishwasher.
-Interior Laundry Room is tiled, houses the water heater, utility sink, new cabinets, electrical panel, and hooks-ups.
-St. Augustine Sod and Irrigation System in both front and backyard.
-Partially Fenced.
-Lush landscaping.
•Properties like this are a dream for many so take action now instead of listening to fear mongering hype because Florida's real estate market is on a continuous upswing with no downward shift in sight.
•Measurements including square footage are an approximation. Buyers are encouraged to independently verify all information herein.
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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 | $608,000 | $608,000 | $608,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.990% | 6.250% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.477% | 7.159% | 6.498% |
Monthly Tax Payment | $588 | $588 | $588 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $4,045 | $4,041 | $5,213 |
Total Monthly Payment | $4,725 | $4,721 | $5,893 |
* 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.