Under contract-accepting backup offers. WATERFRONT LIVING AT ITS BEST FOR LESS . . . OFFERED AT $760, 000, well BELOW APPRAISED VALUE!
Located on Riverside Drive East on the Manatee River with full riparian rights and a two slip
dock that was completely rebuilt last Fall, this charming home has serene views over the widest
part of the river. Sit on the dock, watch the dolphins and enjoy beautiful sunsets & sunrises!
The house was built in 1949 but has been thoroughly updated. It's a three bedroom, two bath
block & stucco home, with an over-sized one and a half car garage. The original hardwood
floors have been beautifully refinished & there are unique details such as cedar-lined laundry
hampers in the bathrooms, floor to ceiling built-in bookshelves in the living room, a vaulted
ceiling in the master bedroom with a bay window and window seat.
Every room except for the dinette/office & the bathrooms has a view of the river. Other than the
bathrooms and the dining room (which is actually the 3rd bedroom), all rooms have ceiling fans.
The walls are plaster and lathe; it has 2“ x10” floor joists & roof rafters instead of trusses.
There is a full stand-up attic with hardwood flooring, not finished but still hardwood.
The metal roof was installed in 2011 with a 40-year warranty. All the original windows have
been replaced with double pane, argon-filled energy efficient windows. The doors have been
replaced. The kitchen, both bathrooms & the large laundry room have all been remodeled. The
AC was replaced Fall of 2014 and is still under 10-year warranty. The water heater was
replaced summer of 2022. All appliances are included (washer, dryer, refrigerator, stove,
microwave, dishwasher and disposal) and all work. There is RV parking with a 30 Amp service.
The home sits on a large lot with 75 ft of road/river frontage. The backyard is fully fenced with
a 6 ft privacy fence and there is a large chain link dog run in the back corner screened by
hedges. It's on a dead end street in a very quiet neighborhood with close proximity to US 41,
301 and I-75. It's being sold unfurnished but the patio furniture will stay since it's painted to
match the roof and shutters. There may be a few other items that could be negotiable.
Home could possibly be rented or "rented to buy". Seller Financing available.
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Our Executive Mortgage Banker:
Our Insurance Division:
$760,000
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 | $608,000 | $608,000 | $608,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.250% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.655% | 7.146% | 6.276% |
Monthly Tax Payment | $106 | $106 | $106 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $4,148 | $4,041 | $5,127 |
Total Monthly Payment | $4,346 | $4,239 | $5,325 |
* 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.