DIRECT DEEP WATER ST. JOHNS RIVERFRONT. The largest river in Florida taking you as far south as Melbourne or north through Jacksonville to the Atlantic Ocean. A rare find in downtown Historic Palatka. Enjoy the ease of stepping off your dock to your vessel and navigating to a restaurant for dinner or drinks. Skiing; swimming; fishing; shrimping and crabbing are all at your beck and call. To add to the lifestyle is this mid-century modern home, built completely of concrete block which carries the charms of years gone by. Truly a diamond in the rough that begs to be restored to its glory days. A beautiful staircase; parquet flooring in the formal dining room; marble fireplace; period cabinetry in the kitchen: all of which some may want to preserve and restore and others to replace. The possibilities are endless. In addition to traditional living areas downstairs there is also a small master bedroom with adjoining bath. Upstairs are 2 additional bedrooms a guest bath and a full sized Master Bedroom spanning from the front of the home to the back along with its ensuite bath. The plethora of original double hung windows and soaring ceilings create a light, bright and airy environment. With a river view from nearly every room it will be hard to leave home. There are only a handful of homes in downtown Palatka with direct river frontage and here is your chance to have one to call your own. Are you ready to dig in? May I mention there is plenty of room river side to put in that pool?
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Our Executive Mortgage Banker:
Our Insurance Division:
$629,000
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 | $503,200 | $503,200 | $503,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.990% | 6.250% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.477% | 7.159% | 6.498% |
Monthly Tax Payment | $785 | $785 | $785 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,348 | $3,344 | $4,315 |
Total Monthly Payment | $4,225 | $4,221 | $5,192 |
* 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.