SPACIOUS HOME W/ POOL & ATTACHED APARTMENT IN INDIAN BEACH:
PRICED TO SELL.
Completely updated 1900 + SF home sits on a large lot two blocks from the bay and 3 minutes from downtown. Close to beaches, Ringling Museum, and colleges. Home has weathered all of the storms without a scratch.
Main Residence is a 1350 SF 2-bedroom, 1 bath with pool, bonus room, and open floor plan with white palette and slate tile floors.
The attached Mother-in-Law suite / Apartment is a 1-bedroom, 1-bath 600 SF unit with office, fenced yard, screened porch, its own fenced-in yard and separate driveway.
It boasts a strong rental history (currently 2200. 00/month).
Recent Upgrades (2020-2024) include:
New roof (2021)
All sewer lines replaced (note: it is estimated that 80% of homes in Indian Beach needs their sewer lines replaced !!!)
New electrical panels x 2 (apartment has separate meter)
New central AC system in apartment
Upgraded plumbing with PEX
New water heaters x 2
Pool resurfacing and mechanical upgrades
0. 3-acre double lot zoned RMF-4
Space for RV parking, garage, ADU etc
No HOA or service fees
Strong Investment Potential in a very favorable Airbnb / rental environment
Perfect for the buyers who want passive income to help finance their Florida lifestyle. Sellers are motivated due to unforeseen life changes.
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.
Our family of companies offer our clients a new level of full-service real estate. We shall:
To learn more about our credentials, visit raveis.com today.
Our Executive Mortgage Banker:
Our Insurance Division:
$599,000
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 | $479,200 | $479,200 | $479,200 |
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 | $324 | $324 | $324 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,188 | $3,185 | $4,041 |
Total Monthly Payment | $3,604 | $3,601 | $4,457 |
* 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.