AS IS, INVESTORS SPECIAL Lots of potential and possibilities in this home on a peaceful corner lot, just under a quarter an acre in size.
This property allows you to bring your dream home to life. This home has the original concrete block construction, a solid foundation and durability. New Roof 2023, newer A/C, all new appliances. With almost 2000 square feet, 4 bedrooms, and two bathrooms, renovation had begun but personal issues prevented progress and the completion. The backyard is spacious, shaded by mature trees, and lots of room to play, garden, and entertain. This is a peaceful community, it's located close to schools, making it an excellent choice for families. This property was flooded during Hurricane Ian. The Sellers have submitted an Action Plan required to elevate the home with a FEMA Grant, when they are available, expected to be available by the end of this year. A Structural Engineering report is required. FEMA Grants are only available for individuals, not LLC's or Corportations. While this home needs the renovation completed, it is an incredible opportunity to create the living space you've always wanted. The home is on the FEMA Grant list, for elevation. Elevation would provide that extra protection from future rising water levels. All information deemed reliable but not guaranteed and should be independently verified. A wise investment for those who see the potential.
Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
Our family of companies offer our clients a new level of full-service real estate. We shall:
To learn more about our credentials, visit raveis.com today.
Our Executive Mortgage Banker:
Our Insurance Division:
$180,000
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 | $144,000 | $144,000 | $144,000 |
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 | $198 | $198 | $198 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $958 | $957 | $1,214 |
Total Monthly Payment | $1,231 | $1,230 | $1,487 |
* 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.