Under contract-accepting backup offers. Home flooded. Seller is remediating. Seller will consider selling As-Is. Zoned R10 on a deep (176ft) oversized lot, this location is approved for 3 residential units and is an exceptional income producing opportunity! Currently, lot contains a significant 3 bedroom, 2 bath, 1 car garage home with a large storage shed located in the rear. Home enjoys attractive interior finishes, cherrywood flooring, a large living room with fireplace, separate family room, spacious formal dining or gaming room with granite/Maplewood serving center, sizable casual dining area, and a split bedroom floorplan. Updated kitchen offers granite counters and granite backsplash, stainless steel appliances, maple cabinetry, an island bar with prep center, pantry and a skylight. Owner's suite includes a walk-in closet system and a rich full bath with a jetted spa tub encased in lovely tilework and a separate walk-in glass shower enclosure. Bedrooms 2 and 3 have appealing finishes and the full guest bath is nicely updated. "Fenced in" backyard is very large and private. Storage shed is surprisingly spacious with two separate storage areas (each with it;s on separate door access). This home is in a terrific location, close to shopping and dining, and just a few minutes from the beach. Downtown St Petersburg is an easy 15-minute drive from here. Outstanding income producing potential in a highly desirable area. Dimensions are estimates, buyer to verify dimensions.
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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 | $316,000 | $316,000 | $316,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.125% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.456% | 7.171% | 6.276% |
Monthly Tax Payment | $593 | $593 | $593 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $2,129 | $2,100 | $2,665 |
Total Monthly Payment | $2,797 | $2,768 | $3,333 |
* 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.