**Incredible Opportunity for a Handyman Special on Venice Island!**
Requires significant updates, including a new roof, new AC, and extensive cosmetic improvements. However, the potential is enormous. Enjoy the convenience of walking, biking, or driving your golf cart around the island, whether you're picking up groceries or heading to one of the many fantastic local restaurants. Don't miss the lively Saturday farmers market and the vibrant music venues for constant entertainment. For active lifestyle enthusiasts, golf, pickleball, tennis, and basketball facilities are all nearby. This spacious 3 bedroom, 3 bathroom single-family home offers a fantastic location just 1 mile from Sharky’s on the Pier and Venice Public Beach. Located slightly over a mile from historic downtown Venice, you'll be close to boutique shops, delightful restaurants, and the Venice Performing Arts Theatre. The Venice Yacht Club and the Public Boat Ramp at Higel Park are just 3 miles away, a quick 8-minute drive. With 1, 920 square feet of living space, this home features a great floor plan that’s perfect for renovation. It’s a blank canvas ready for you to bring your vision to life. The primary bedroom includes an en-suite bathroom, and there's an interior laundry space. The back living room has multiple sliders that open up to a spacious and private backyard. Underneath the carpeted floors, you'll find beautiful terrazzo waiting to be restored to its original charm. This property is ideal for year-round living, an investment opportunity, or a vacation home. The possibilities are endless! Plus, it’s not in a flood zone, adding an extra layer of assurance for your investment.
Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
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Our Executive Mortgage Banker:
Our Insurance Division:
$529,900
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 Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $423,920 | $423,920 | $423,920 |
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 | $490 | $490 | $490 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $2,820 | $2,818 | $3,635 |
Total Monthly Payment | $3,402 | $3,400 | $4,217 |
* 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.