Motivated sellers have made a price adjustment on this gulf front home being sold AS-IS. This home was built in 1968 and withstood hurricane Helene and hurricane Milton. There was damage from the storms, such as some water intrusion and cracked windows, but the sellers feel the home is sturdy and can be repaired. The home lost all the decks, stairs, electrical service, storage room, laundry room, bathroom, and tool room downstairs. If you have been looking for a gulf front-investment property with great rental potential or a getaway for yourself this home is for you. The picturesque blue waters of the Gulf of Mexico await you at this beautiful gulf front home on Little Gasparilla Island. Little Gasparilla Island is a short boat ride from the mainland and close to world class fishing around Boca Grande and Charlotte Harbor. The interior is warm and cozy with stunning views of the gulf through the impact windows that line the entire front of the home. From every room you can see the gulf. You can watch the shore birds tiptoe in the surf, dolphins and manatees swimming by and enjoy the spectacular sunsets. For separate purchase is a Nautic Star 210, center console, with bimini top, and a 115 Yamaha outboard motor. More information on the boat is available upon request. Pictures shown are PRIOR to the hurricanes. New photos will be available as soon as possible.
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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 | $559,999 | $559,999 | $559,999 |
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 | $854 | $854 | $854 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,726 | $3,722 | $4,802 |
Total Monthly Payment | $4,672 | $4,668 | $5,748 |
* 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.