Under contract-accepting backup offers. According to analysts, there will be a 4% increase in home prices by 2025. . . and with dropping interest rates, I'd schedule a showing today of this promising property before you tell yourselves, "Shoulda', coulda', woulda'. . . "
The average rate on a 30- and 15-year mortgage is around 6. 0% - 6. 7%! Maybe you ought to call your lender now because as interest rates drop, the demand for housing will increase. . . so don't miss out, make the call, and schedule your showing today of this great investment.
***SELLER IS OFFERING FINANCING WITH FLEXIBLE AND VERY REASONABLE TERMS*** VACANT, MOVE IN READY.
About the property:
Amazing home in St. Petersburg's historic Davista - a 6 MINUTE car ride to the crystal clear waters and sand of Treasure Island Beach, 2 miles to/from Stetson University, across the park and from the intracoastal waterway, by public transportation, retail, restaurants, boating, and just minutes from St. Pete Beach, John's Pass and Pass A Grille. Really, the location is purely phenomenal!
This fabulous property offers:
•A cozy and welcoming front porch where you can sit and enjoy many future sunset views.
•The double doors open up to an expansive marble-floor foyer.
•4 spacious bedrooms - each with two closets: a built-in wall closet and a walk-in closet.
•The master bedroom located on the first level comes with a bay window offering a serene view of the park and partial water views, a master Jack-n-Jill bathroom fully equipped with TWO ADDITIONAL WALK-IN CLOSETS, a private water closet with a bidet, a garden tub with jets, a fully tiled walk-in shower, and dual sink vanity.
•The second bedroom on the first level was also built with a beautiful bay window providing views of the pool and backyard.
•A formal dining room large enough to fit a table for 12 includes bay windows facing the park and the bay.
•The great room/living room measures approximately 20-25ft deep by 11ft wide: includes a Gas Fireplace, high ceilings, and a wet bar.
•A large closet pantry in the kitchen with all appliances are included: refrigerator, microwave, oven, electric cooktop, dishwasher.
•The laundry room is conveniently located inside and includes a washer and dryer and storage cabinets.
•The 3 car garage is equipped with remote controlled doors, windows, and an access side door leading to the rear of the property.
•On the second level, you will find Bedrooms 3 & 4 and Jack-n-Jill bathroom #2 which includes a tub with shower combo and dual vanity.
•There are a total of 3 full bathrooms in the home and a outdoor shower by the large in-ground pool where you will enjoy cooling off year-round and the hot tub/spa for the cooler days.
•Two balconies on the top level: the rear balcony and the main balcony providing a beautiful view of intracoastal waters.
•The property is on sewer, public utilities, with gas pipelines in place.
•2980sf under AC; two new HVAC units installed July 2024; the roof installed in 2017; and updated windows and doors installed in 2011.
•Sold AS IS and don't forget: the seller will consider seller financing.
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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 | $740,000 | $740,000 | $740,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.625% | 6.750% | 6.625% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.282% | 6.864% | 6.810% |
Monthly Tax Payment | $1,082 | $1,082 | $1,082 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $4,738 | $4,800 | $6,497 |
Total Monthly Payment | $5,912 | $5,974 | $7,671 |
* 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.