Seller offering interest rate "buy down" contribution! ”Carpe Diem” and “Life is Good“ will be your new mantras …. Your dreams come true with a rarely available duplex in the St Augustine Beach “Golden Mile”! This up/down duplex with plenty of off-street parking is east of A1A -no crossing streets to get to the ocean! The top unit “A” has 2 bedrooms, 1 bath & a spacious ocean view deck (new in 2023 with trex) for dining, relaxing or sea & surf gazing. The lower unit “B” has 2 bedrooms, 2 baths and a covered patio facing North for shaded enjoyment and sea breezes. Live in one unit, rent out the other to supplement your beachin’ lifestyle! Monthly rentals per unit, $3500+/month income! The best of all worlds - a new home to use for lots of family, or an investment for long term or monthly rentals - a salt-life playground for adults & kids alike! Walk to shops, restaurants, bike rentals, and The Pier with live music & farmers markets. Yes, the energy of Beach life can be yours! Special seller contribution for financers! **To receive seller contribution at closing, the buyer must use the lender of choice, Elysia Stobbe, NFM Lending. If the buyer changes lenders from NFM Lending, they must let the seller know within 2 business days and any seller contribution is null and void. Buyer is free to use any lender to purchase this home. Ask for details! Off street private parking for 5 cars, celebrate with a beach party just in time for summer fun! The beach access is on the “non driving” side of St Augustine Beach just north of A Street. Both units come furnished with new high end decor and sleek furnishings (a few personal items will be removed prior to closing). Both units have been upgraded over the years with new plumbing (2023), enclosed outdoor showers (2023), new gas Tankless Hot water Heater (2023) for lots of hot water for the 5 showers, high-end easy to use window treatments (2023), luxury vinyl plank & tile flooring, chef style kitchens with lots of storage, and a separate fenced in backyard (added in 2023) for each of the units for privacy as well as playtime. Both units have their own washer/dryer tucked out of the way of your living space. In unit A’s backyard there is a storage area for bikes and boards. And better yet, there is a separate structure man-cave, she-shed, teen escape with dual lofts, electric and AC. Make this a wood work, art or craft space or whatever you need for escape, creativity or solitude! Despite the proximity to the ocean, it is in an “X” flood zone so no flood insurance is required! Imagine - No condo fees, no HOA. . . . just fun in the sun with your new beach neighborhood. Saint Augustine Beach is eclectic, artsy, pet friendly, a beach lovers dream and has a magical “Olde Florida” feel…tropical colors, unique homes, bike paths, sidewalks, surfers, swimmers, fishermen -come as you are! No high-rises are allowed! Exploring will be fun - the duplex is about 1 mile to the Anastasia Stare Park, the amphitheater (“The Amp”), our beautiful Lighthouse, 5 miles to the historic downtown area for sightseeing, museum hopping, foodie experiencing and emersing in history older than any in the USA. And don’t miss The Alligator Farm and MarineLand - so much to see - nature calls! Nearby Airports include UST, JAX, DAB, SFB, MCO. Easy access to US 1 and 95 make travel easy! Come on… what are you waiting for!
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William Raveis Mortgage, LLC
Phone: 917.838.7300
Melissa.Cohn@raveis.com
NMLS Mortgage Loan Originator ID 16953
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $1,036,000 | $1,036,000 | $1,036,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.750% | 6.750% | 6.750% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.321% | 6.826% | 6.936% |
Monthly Tax Payment | $1,255 | $1,255 | $1,255 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $6,719 | $6,719 | $9,168 |
Total Monthly Payment | $8,099 | $8,099 | $10,548 |
* 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.