PRICE REDUCTION: Welcome to your very own piece of paradise on the waterfront community of Davis Islands! Nestled in one of Tampa’s most desirable neighborhoods. While this home did have water intrusion the opportunity for a new built or renovate the existing home back to it previous UPDATED condition is worth considering. The current layout features 3 bedrooms, 2. 5 baths, an existing POOL with plenty of outdoor space. Located on an Island just outside of Downtown Tampa, this location has become the destination for professional athletes, executives and those who desire living within a walkable community. The Davis Islands community has all the amenities you could desire. Marjory Park Marina, Sandra Freedman Tennis Complex, Tampa General Hospital, Historic Roy Jenkins pool, Peter O Knight airport, public boat ramp, dog parks, walking trail and more. Central to the Islands is the Davis Islands Village, with multiple restaurants and shops. Additionally, located only minutes from Downtown Tampa, Water Street Sparkman Wharf and the Tampa Riverwalk, makes this neighborhood a City within the City. Additionally, this home is located in the A rated Gorrie Elementary, Wilson Middle School and Plant High School boundaries.
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Our Executive Mortgage Banker:
Our Insurance Division:
$899,900
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 Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $719,920 | $719,920 | $719,920 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.625% | 6.375% | 6.375% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.209% | 6.498% | 6.579% |
Monthly Tax Payment | $458 | $458 | $458 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $4,610 | $4,491 | $6,222 |
Total Monthly Payment | $5,160 | $5,041 | $6,772 |
* 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.