Incredible opportunity in north Manatee county in the quaint Historic District of Palmetto, this former single family home now zoned duplex will delight you! Great for multi-generational use, or as income producing investment property for vacation or long term rentals. Unit A is a 1/1 with wood floors and lots of light; screened in lanai is right off the kitchen dining room combo large enough for small office area. Unit B is 2/1, dining or play room; there’s a separate laundry room and a large 1 car garage, and a shed in the backyard. With no HOA or CDD, this versatile property has plenty of space for trailers, boats, RV’s, and more. Very close to Sutton Park, the beautiful Manatee River, Emerson Point State Preserve, Safe Harbor Regatta Pointe, and easy access to St Pete, Tampa, Orlando, and Sarasota/Naples including some of the best shopping and coastal beaches. Truly a wonderful area!
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$385,000
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 Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $308,000 | $308,000 | $308,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.477% | 7.159% | 6.296% |
Monthly Tax Payment | $548 | $548 | $548 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $2,049 | $2,047 | $2,597 |
Total Monthly Payment | $2,672 | $2,670 | $3,220 |
* 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.