Discover a rare opportunity to own a delightful 2-bedroom, 2-bathroom cottage along the whimsical winding riverfront road of Park Drive, renowned for its mature oaks and rolling hills. Nestled in the heart of Old Seminole Heights, this home awaits your personal touch and offers relatively easy conversion to a 3-bedroom, 2-bathroom layout. Situated just 5 minutes from Publix, 7 minutes from renowned eateries like Rooster & The Till, 10 minutes from Armature Works and Tampa’s Riverwalk, and a mere 12 minutes to Downtown Tampa, the location is unparalleled. Enjoy the serene ambiance of Park Drive, a quiet northeast pocket of Seminole Heights poised for explosive growth. This property promises cash flow positivity as a rental investment, making it an ideal addition to your portfolio. The cozy cottage design includes 2 bedrooms and 2 bathrooms arranged as a split floor plan with a Primary Suite toward the rear of the home and the Junior BR with adjacent bathroom toward the front of the home. Family room, dining room and kitchen are centrally located with a bonus Florida room overlooking the natural oasis out back. Original architectural elements add character and charm, awaiting your rejuvenating touch. The quaint lot is shaded by majestic oak trees, providing a tranquil and picturesque setting perfect for outdoor activities and relaxation. Seize this chance to invest in one of Seminole Heights’ most enchanting streets. With a little TLC, this home can become your dream cottage or a lucrative rental property in a rapidly appreciating neighborhood. Don’t miss out on this gem – schedule your showing today!
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William Raveis Real Estate
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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 | $260,000 | $260,000 | $260,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.125% | 7.125% | 6.375% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.867% | 7.282% | 6.623% |
Monthly Tax Payment | $435 | $435 | $435 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,752 | $1,752 | $2,247 |
Total Monthly Payment | $2,262 | $2,262 | $2,757 |
* 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.