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712 Downing STREET, New Smyrna Beach, FL, 32168 | $274,000
Charming 1910 4-bedroom, 3-bath home with 2 kitchens located just one street from New Smyrna Beach's rapidly growing West Canal St. area. Zoned R-5 (Multifamily Residential), this property offers tremendous potential for redevelopment. The R-5 district supports various housing options, from single-family homes to multifamily dwellings, making it a flexible choice for investors and homeowners.
With stunning wood floors, a wraparound covered porch, a new roof done just last year, and four separate entrances, this historic home is full of character. The home also features two refrigerators and two cookers (one gas, one electric).
The upstairs includes a full "in-law" suite with 1 bathroom, 2 bedrooms (or could be used as 1 bedroom and 1 living room), a quaint kitchen, and a private entrance. In addition to the four main bedrooms, the room between the kitchen and the back door leading to the garden offers an additional versatile space.
While the house requires a remodel, its unique features, prime location, and zoning flexibility make it ideal for a creative renovation or multifamily development. Don’t miss this rare opportunity to transform a historic gem in one of New Smyrna Beach's most up-and-coming areas.
Features
- Rooms: 6
- Bedrooms: 4
- Baths: 3 full
- Laundry: Other
- Year Built: 1910
- Heating: Central, Natural Gas
- Cooling: Central Air
- Approx Sq. Feet: 1,654
- Acreage: 0.17
- Est. Taxes: $2,943
- Appliances: Microwave, Range, Refrigerator
- MLS#: NS1082714
- Days on Market: 1 day
- Website: https://www.raveis.com
/prop/NS1082714/712downingstreet_newsmyrnabeach_fl?source=qrflyer
Listing courtesy of LOCAL LIVING REALTY GROUP Phone: 386-690-1545
William Raveis Family of Services
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.
Customer Service
888.699.8876
Contact@raveis.com
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- Market your home to realize a quick sale at the best possible price
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- Give you the full resources and strength of William Raveis Real Estate, Mortgage & Insurance and our cutting-edge technology
To learn more about our credentials, visit raveis.com today.
Melissa CohnRVP, Mortgage Banker, William Raveis Mortgage, LLC
NMLS Mortgage Loan Originator ID 16953
917.838.7300
Melissa.Cohn@raveis.com
Our Executive Mortgage Banker:
- Is available to meet with you in our office, your home or office, evenings or weekends
- Offers you pre-approval in minutes!
- Provides a guaranteed closing date that meets your needs
- Has access to hundreds of loan programs, all at competitive rates
- Is in constant contact with a full processing, underwriting, and closing staff to ensure an efficient transaction
Robert ReadeRegional SVP Insurance Sales, William Raveis Insurance
860.690.5052
Robert.Reade@raveis.com
Our Insurance Division:
- Will Provide a home insurance quote within 24 hours
- Offers full-service coverage such as Homeowner's, Auto, Life, Renter's, Flood and Valuable Items
- Partners with major insurance companies including Chubb, Kemper Unitrin, The Hartford, Progressive,
Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable
712 Downing STREET, New Smyrna Beach, FL, 32168
$274,000
Customer Service
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
Melissa Cohn
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 | $219,200 | $219,200 | $219,200 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 6.500% | 6.125% | 5.375% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 7.490% | 6.297% | 5.597% |
| Monthly Tax Payment | $245 | $245 | $245 |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $1,385 | $1,332 | $1,777 |
| Total Monthly Payment | $1,705 | $1,652 | $2,097 |
* 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.
William Raveis Mortgage, LLC, NMLS ID 2630, 7 Trap Falls Road, Shelton, CT 06484
FL Mortgage Lender MLD1388