12405 42nd Ave DRIVE W, Cortez, FL, 34215 | $1,200,000

RARE OPPORTUNITY IN CORTEZ. Spacious 3 Bed/3 Bath HOME, on 1/2 ACRE LOT, on a cul-de-sac, less than a mile from the beach, on a CANAL, with a BOAT SLIP. This classic vintage 2-story older block home with vinyl siding has great bones. Built in 1966 and well cared for, the house is now ready for a refresh. Even though shag carpet is actually quite confortable, it's not really a thing these days, so the floors are ready for your updated finishes. 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. The requirement is 6000 SF of land per single family home. The current house could be lived in as is or rented. The current home could be updated or torn down and a new home built. A brand new home could be built on the 2nd lot. 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. Your Florida lifestyle awaits!

Features

  • Rooms: 8
  • Bedrooms: 3
  • Baths: 3 full
  • Lot Size: 76 x 117
  • Laundry: In Garage
  • Year Built: 1966
  • Garage: 2-car
  • Heating: Central
  • Cooling: Central Air
  • Approx Sq. Feet: 3,056
  • Acreage: 0.52
  • Lot Size: 76 x 117
  • Est. Taxes: $3,149
  • Appliances: Cooktop
  • MLS#: A4611966
  • Days on Market: 97 days
  • Website: https://www.raveis.com
    /eprop/A4611966/1240542ndavedrivew_cortez_fl?source=qrflyer
This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this Site comes in part from the IDX Program of MFRMLS (My Florida Regional MLS DBA Stellar MLS). The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. (last updated 11/5/2024 12:50:58 AM)
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NMLS Mortgage Loan Originator ID 16953

917.838.7300

Melissa.Cohn@raveis.com

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12405 42nd Ave DRIVE W, Cortez, FL, 34215

$1,200,000

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 Jumbo*
30 Year
Fixed-Rate Jumbo
15 Year
Fixed-Rate Jumbo
Loan Amount $960,000 $960,000 $960,000
Term 360 months 360 months 180 months
Initial Interest Rate** 6.500% 6.625% 6.500%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 7.304% 6.762% 6.725%
Monthly Tax Payment $262 $262 $262
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $6,068 $6,147 $8,363
Total Monthly Payment $6,455 $6,534 $8,750

* 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.