30 Lynn WAY, Madeira Beach, FL, 33708 | $360,000

Under contract-accepting backup offers. Photos are pre-Helene flooding. No further damage from Milton. Licensed electrician verified all electrical in working order and updated most outlets. Being sold AS IS. Welcome to this beautiful duplex on Madeira Beach. Close proximity to #1 rated beaches, shopping, entertainment, and so much more. Featuring two, one bedroom/one bathroom units just over 500sf each. Unit 29 was completed renovated with new kitchen, bathroom, flooring, and paint. Unit 29 is being rented on a short term basis and has a good occupancy rate. Seller is willing to transfer booking account for this with super host dictation already in place. Unit 30 has been well maintained and is rented on a long term basis for $1250/month, yet the going rate in the area for a 1/1 has significantly increased. Roof was replaced in 2015. Electrical panel was updated. Mini split AC units are >4 years of age. Front parking and a large backyard space that could be easily fenced in. Water and electric are already run to the exterior for ease of adding a washer/dryer area. Don't miss the opportunity to own this wonderful gem in Madeira Beach! Occupy one side and make income or rent out both-endless posibilities!

Features

  • Bedrooms: 2
  • Units: 2
  • Lot Size: 63 x 80
  • Laundry: None
  • Year Built: 1947
  • Heating: Other
  • Cooling: Mini-Split Unit(s)
  • Approx Sq. Feet: 1,008
  • Acreage: 0.12
  • Lot Size: 63 x 80
  • Est. Taxes: $5,595
  • MLS#: U8242024
  • Days on Market: 165 days
  • Website: https://www.raveis.com
    /prop/U8242024/30lynnway_madeirabeach_fl?source=qrflyer
This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this Site comes in part from the IDX Program of MFRMLS (My Florida Regional MLS DBA Stellar MLS). The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. (last updated 12/22/2024 2:06:30 PM)
Listing courtesy of LUXURY & BEACH REALTY INC   Phone: 727-800-5906

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Melissa CohnRVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 16953

917.838.7300

Melissa.Cohn@raveis.com

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  • Is available to meet with you in our office, your home or office, evenings or weekends
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Our Insurance Division:

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30 Lynn WAY, Madeira Beach, FL, 33708

$360,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Melissa Cohn

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 $288,000 $288,000 $288,000
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 $466 $466 $466
H/O Insurance Payment $75 $75 $75
Initial Principal & Interest Pmt $1,940 $1,914 $2,429
Total Monthly Payment $2,481 $2,455 $2,970

* 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.