This home did get water in the first floor from Hurricane Helene. However, the hard part, the demo, was done very quickly. The carpet was removed along with the drywall and the kitchen cabinets. The house is all dried out and now ready for a remodel. First group of photos is prior to Hurricane Helene and 2nd group of photos is after Hurricane Helene. This is a 3 Bed/3 Bath HOME, on 1/2 ACRE, on a cul-de-sac, less than a mile from the beach, on a CANAL, and with a BOAT SLIP. This 2-story block home with vinyl siding has great bones and was built in 1966. The original terrazzo flooring was under the carpet. Some of the bigger items have already been done-BRAND NEW ROOF (2024), BRAND NEW ELECTRICAL PANEL (2024), and NEWER AC (2020). The first floor has a living room, kitchen, separate dining room, large family room with a fireplace, 2 bedrooms and 2 bathrooms, a large utility/pantry room, and a 2 car garage. The upstairs has a large bedroom with an en suite bath and walk-in closet. With no HOA, there are so many options with this property. The 1/2 acre could be divided into 2 lots, each lot with a house. Once remodeled, the current house could be lived in or rented. Or torn down and a new home built. A brand new home could be built on the 2nd lot also. So many options. The boat slip originally was covered as a boathouse and the boathouse can be rebuilt as long as it's not larger than the house and meets setback requirements. The canal behind the house goes out to the intercoastal next to the Cortez Bridge, and then out to the Gulf of Mexico and Tampa Bay, so it's ideal for the boating and fishing enthusiast. Also, the county just purchased several acres on the north side of the Cortez Bridge with plans to put in a public boat ramp with parking and boat storage. This unique property can truly boast LOCATION, LOCATION, LOCATION! Situated on a quiet cul-de-sac, on a canal, less than a mile from the beaches of Anna Maria Island, within minutes of restaurants, shopping, golfing, airports, historic Cortez Fishing Village, and so much more.
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William Raveis Mortgage, LLC
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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 | $760,000 | $760,000 | $760,000 |
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 | $262 | $262 | $262 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $4,866 | $4,929 | $6,673 |
Total Monthly Payment | $5,220 | $5,283 | $7,027 |
* 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.