This Burnt Store Marina POOL home sits just off the 8th fairway of one of the 27 holes at the Burnt Store Country Club and is divided by a pond from the course. Its location is only a 3-minute golf cart ride to either the Country Club or the Marina. The home belongs to the original owner who recently added hurricane storm windows, a new roof, electric shutters on the lanai, and a pool cage. The property has been priced under market value to reflect the need for updates in the kitchen and bathrooms. The buyer will build instant equity by "fixing and flipping", preparing it for a rental, or using it as your retirement home. Burnt Store Marina is a community with the largest deepwater marina on Florida's Gulf Coast, 27 holes of golf, a fitness center, tennis, pickleball, Freedom Boat Club, three restaurants, and activities galore! This home has 2 bedrooms, 2 bathrooms, den/office, separate dining room, two-car garage, and a beautiful water/golf view from the lanai. You can remove the doors on the lanai and put them back during the winter for more outside space. This is your best chance to purchase a home at a price that will allow you to do the renovation and finish it just the way you'd like.
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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 | $348,000 | $348,000 | $348,000 |
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 | $214 | $214 | $214 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $2,374 | $2,313 | $2,984 |
Total Monthly Payment | $2,663 | $2,602 | $3,273 |
* 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. The Total Monthly Payment does not include the estimated HOA/Common Charge payment.