Unlock the potential of this 2-bedroom, 1-bath concrete block home, presenting endless possibilities along the picturesque Weeki Wachee River Canal. Boasting 70 feet of Weeki Wachee river canal waterfront, this property is a canvas for your vision and dreams.
The residence, a casualty of Hurricane Idalia flooding, stands ready for transformation. Current owners have diligently removed damaged walls, laying the groundwork for a future remodel. The decision is yours: envision it as a short-term rental, a cozy family vacation retreat, or a harmonious blend of both. Alternatively, consider the prospect of a fresh start by tearing down the existing structure and crafting your future dream home on this remarkable lot.
Do not miss this once-in-a-lifetime chance to own a slice of natural beauty along the Weeki Wachee River Canal. The 7. 5-mile-long river, fed by crystal-clear springs with a constant 74-degree temperature, weaves through a state park to its endpoint at the Mud River, flowing into the Gulf of Mexico at Bayport. Navigate seamlessly to the Gulf with no fixed bridges hindering your way and witness the captivating presence of manatees and dolphins in the comfort of your own backyard. Fishing enthusiasts will delight in the diverse freshwater and saltwater options this location affords.
This property, free from HOA restrictions, offers flexibility in use and the freedom to manage your investment as you see fit. Weeki Wachee Gardens, a spring-fed riverfront community in Hernando County, is conveniently situated 60 minutes north of Tampa International Airport via the Suncoast Parkway. Immerse yourself in the timeless charm of old Florida, isolated off US 19 and SR 50, providing a retreat that feels miles away and years removed from the hustle and bustle of modern life.
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Our Executive Mortgage Banker:
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$420,000
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 | $336,000 | $336,000 | $336,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.125% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.456% | 7.171% | 6.276% |
Monthly Tax Payment | $224 | $224 | $224 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $2,264 | $2,233 | $2,834 |
Total Monthly Payment | $2,563 | $2,532 | $3,133 |
* 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.