Up for sale is your own little piece of paradise - if you are up for a little bit of work to make it happen. For those who are unfamiliar with the small town of Perry - it lies on Highway 19, on the way to Tallahassee. Tallahassee itself is about an hour and a half away. Much of old Florida and unspoiled Florida lives in this area. The property being sold is in the "Big Bend" area, and only about 4 miles from Keaton Beach on the Gulf Coast. Keaton Beach is home to some of the most spectacular sunsets you will ever see, the water of the gulf is calm and this is unspoiled Florida. Along the shallows of Keaton beach you will find live starfish, crabs and plenty of fishing right near the coast. Just about a mile from another beach - Adams Beach. Adams Beach opens up to beautiful views of the gulf, and is another great site for fishing in these calm waters. This is a very pristine and quiet beach. The perfect place for a person who wants to enjoy being in the midst of nature.
It is widely known that mobile homes suffer worse damage during hurricanes. The structures being offered on this property are VERY heavy duty modular buildings which the seller had plans to renovate into two spacious studios. The structures have been permitted and installed. The seller looked at mobile homes and decided in favor of these all steel buildings which are structurally more sound than even a site built home. Being so close to the beach, this structure could not be displaced by any hurricane force winds. The framing and rafters are all steel. These structures made it through a hurricane without a scratch, and could indeed survive being dunked in the ocean. The land they are installed on are NOT in a flood zone. Not an inch of floodwater on this land. The seller bought these to use as a vacation place, but has decided to put it on the market. Offered at a discounted rate to allow for completion of the property. Permits have been submitted for septic, and electric. Well, electric and septic together will cost about $17K.
Someone can buy this property as a blank canvas and build it to suit their taste. Completed, this would be worth over $200K. The seller's plan was to finish out the inside of one one a kitchen, and out a wraparound deck to connect both buildings. The buildings come with ac/s - these have not been tested. Split ac units are perhaps a more easier choice will consume less power and be easy to install.
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5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $95,200 | $95,200 | $95,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.477% | 7.159% | 6.296% |
Monthly Tax Payment | $142 | $142 | $142 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $633 | $633 | $803 |
Total Monthly Payment | $850 | $850 | $1,020 |
* 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.