Pre-Construction. To be built. Your opportunity to own your own custom designed home. Vacant land not in a flood zone with custom builder plans to build total $2 million home. This breathtaking lot offers 12, 195 sq ft of cleared land, trees and original house removed. Located on a quiet cul-du-sac close to downtown restaurants and shops. A traffic free walk to Payne Park, also a short walk to the Bay Runner trolly which services St. Armands Circle and Lido Beach. The landowner is working with Elegant Custom Homes who will construct a 2, 659 sq ft home consisting of the main house plus an attached guest house. The main house has an open floor plan, all on ground level with high ceilings, 10 ft high sliding glass doors overlooking the pool and spa and covered outdoor living area, 3 bedrooms, 2 full baths, foyer, dining room and guest room with fabulous kitchen with Viking appliances, custom cabinets, a large island, quartz counter tops and a walk-in pantry. Laundry room with washer and dryer, wash tub and built-in storage for clothes hanging. 2 tankless instant hot water heaters (one in guest house) and outdoor shower. The attached guest house has living room, kitchenette, 2 bedrooms, each with 8’ high sliding glass doors to pool. Full bathroom, laundry with washer/dryer and separate a/c. All for a package price of $2 million or work with the builder to come up with the home of your dreams; or purchase the land and hire your own builder. The choice is yours, but the result will be spectacular
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Our Executive Mortgage Banker:
Our Insurance Division:
$1,999,000
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 Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $1,599,200 | $1,599,200 | $1,599,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.750% | 6.625% | 6.625% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.620% | 6.735% | 6.806% |
Monthly Tax Payment | $337 | $337 | $337 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $10,372 | $10,240 | $14,041 |
Total Monthly Payment | $10,834 | $10,702 | $14,503 |
* 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.