$266, 000 is the lowest possible sale price available to cash buyers only - NON-NEGOTIABLE ***LOWEST PRICE BEACHSIDE YOU WILL EVER FIND***. Must see to appreciate. Net living area excludes 240 sq ft garage and attic of approximately 788 sq ft(attic is all red pine hardwood). Less than five-minute walk (0. 27 miles) to prime oceanfront beaches, boat ramps & amenities. Not in a Flood Zone. This 2. 5 story Beach side vintage single-family home sits on an oversized lot and has tons of potential with historic vintage architecture. A 1936 Victorian queen Anne luxurious spacious style house. New upgraded plumbing system. Baseboard moldings, all interior & exterior windows, door frames & windowsills are solid hardwood. Must show proof of funds or verifiable mortgage approval letter prior to showings. Buyer responsible for doc stamps on the deed and optional title insurance. The seller will pay a maximum of $200 total closing costs and title fees. Sold comps; // 403 FRANCES TER 1200 sq ft sold for $400k or $333 per sq ft // 121 S HOLLYWOOD AVE 1280 sq ft sold for $410k or $320 per sq ft // 629 Braddock 1, 372 sq ft sold for $498k or $362 per sq ft // 318 Braddock sold in 2022, 1, 589sqft sold at $345K or $217 per sq ft //
*Buyer must agree to sign FIRPTA acknowledgment at closing*
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$266,000
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 | $212,800 | $212,800 | $212,800 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.375% | 7.125% | 6.125% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.474% | 7.282% | 6.412 |
Monthly Tax Payment | $235 | $235 | $235 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,470 | $1,434 | $1,810 |
Total Monthly Payment | $1,779 | $1,743 | $2,119 |
* 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.