Unrivaled Opportunity - Cash Only Deal
**Prime Location Near Lake Maggiore: 4-Bed, 3-Bath Single-Family Home**
Discover the benefits of this prime single-family residence situated near the very sought after serenity of Lake Maggiore. Situated on a spacious half-acre lot flanked by two parcels, this 4-bedroom, 3-bathroom home awaits the creative touch of its next owner to bring it to its full potential glory.
Boasting a recent partial renovation that introduced an expansive open floor plan concept with modern touches, this residence offers a seamless flow of space, perfect for both (relaxed) daily living and (effortlessly) entertaining guests. Imagine hosting gatherings in the spacious living areas, where ample room allows for comfortable socializing and making cherished memories.
The home is approximately 80% complete, providing a canvas for personalization. The master bathroom and a few miscellaneous areas await their final touches to fulfill their luxurious promise. This opportunity allows discerning buyers to customize and complete the residence to their exact specifications, ensuring both practical functionality and aesthetic appeal.
Outside, the expansive backyard could become your own private retreat. With ample space available, there is potential to create an outdoor oasis featuring a refreshing pool, surrounded by lush landscaping and a serene patio area—an ideal setting for relaxation and enjoying the year-round Florida sunshine.
Located in a highly desirable area, this property offers more than just a home; it promises a lifestyle of convenience and accessibility. Positioned centrally, this property provides a quiet urban sanctuary with easy access to Downtown St. Petersburg, Tampa's bustling city life, and the renowned beaches/ parks of Pinellas County. Whether you're seeking a peaceful escape or a vibrant urban experience, this property combines potential, location, and value, making it an exceptional opportunity for investors and residents alike.
**Note: This property is being sold as a cash-only deal, priced to sell and perfect for investors looking to add value to a nearly completed project. **
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Our Executive Mortgage Banker:
Our Insurance Division:
$549,555
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 | $439,644 | $439,644 | $439,644 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.375% | 6.125% | 4990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.439% | 6.273% | 5.268% |
Monthly Tax Payment | $531 | $531 | $531 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $2,743 | $2,671 | $1,828,186 |
Total Monthly Payment | $3,366 | $3,294 | $1,828,809 |
* 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.