The price is right to remodel this 2 bed/2 bath home or remove and place a new home! The beautiful corner lot would hold a 1, 400 sq. ft home with parking underneath or remodel the home that is there--buyer's choice! Current home has been damaged due to Hurricanes Helene and Milton. Photos have been updated to show damage. Current home is 2 bed/2 bath with more than 800 sq feet of living space. Florida room has been removed due to storm damage. Property has double shed, large carport and a entry ramp that can be removed. This home has an open living/dining/kitchen area and split-bedroom plan with a guest ensuite in front and primary bed and bath in back. Stackable washer & dryer is conveniently located inside. New HVAC in 2021 but ductwork had water intrusion. Price includes share for the lot and ownership in the co-op. Two indoor cats are welcomed. Home is located in popular Americana Cove, a 55+ waterfront community that is only 10 mins from downtown St. Petersburg, 15 mins to two airports and 25 mins to beaches. Low monthly maintenance fee of $360 includes water, sewer, trash, lawn care, 24 hr manned gate, fitness facility, clubhouse, heated pool, two boat ramps, fishing docks and so much more. Proof of funds with purchase contract. Community requires 675 or above credit score. After remodel, home would make a great full-time residence or rental property as renting is allowed with 2 month minimum.
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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 | $36,000 | $36,000 | $36,000 |
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 | $1 | $1 | $1 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $240 | $239 | $309 |
Total Monthly Payment | $316 | $315 | $385 |
* 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. The Total Monthly Payment does not include the estimated HOA/Common Charge payment.