HURRICANE SURVIVOR - READY FOR IMMEDIATE CLOSING!Welcome to Cotee River, a small 55+ cooperative community nestled between the Cotee River and downtown New Port Richey. The community's location is incredibly convenient, less than a mile from downtown New Port Richey, full of quaint shops, restaurants, and parks, and also less than a mile from US-19, with all of its stores. Also one street over is Grand Boulevard Park, with features swing sets, picnic tables, benches, and a boat dock! This home is an absolute charmer, with just enough living space! The home's current configuration has the large Florida room set up as the living room. This room is not ducted, but there is a wall/window unit that has both heating and cooling functions. The front of the home features the dining room (you could convert this to a living room if desired), which leads directly into the kitchen. The stove is gas, powered by grill-size propane tanks for easy filling. There is also a portable dishwasher, which is very easy to set up when you want to use it! The bathroom was renovated, with the tub removed, being replaced by a walk-in shower. The rear of the home is occupied by the bedroom. Walk around the rear of the home to find another lovely seating area, complete with a palm tree for a tropical feel and a bit of shade! One of the best features of this lot is the lack of a direct rear neighbor, leading to extra privacy, and even a view of the river! There is a large storage shed out back as well, where you will also find the washer and dryer. Off-street parking is available with a crushed shell driveway. The majority of the property is outside of the flood zone, but the rear part of the property is in the flood zone. The home is being sold FURNISHED with the exception of personal items. Plenty of updates including: heat pump and washing machine in 2020; refrigerator in 2019; backyard patio furniture and patio in 2017/2018; how water heater in 2014; laminate flooring, countertop, sink, faucet and dishwasher in 2013. Please be advised that one of the requirements from the association is a 700+ credit score, so please keep these in mind before scheduling a showing. This is also a no dog community, only indoor cats allowed.
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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 | $52,000 | $52,000 | $52,000 |
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 | $76 | $76 | $76 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $350 | $346 | $439 |
Total Monthly Payment | $501 | $497 | $590 |
* 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.