SEAWALL IS BEING REPLACED!! Location! Location! Location! Waterfront home in the sought after neighborhood of Causeway Isles with a beautiful canal view! This is a boaters paradise with easy access to the Gulf of Mexico. It's a quick boat ride to Blinds Pass and John's Pass, or take the more scenic route to Pass A Grille Channel. With NO fixed bridges this waterfront is perfect for sail boat lovers. Enjoy the day lounging on the lovely white sand beaches, floating in the crystal clear waters, fishing off your dock or trolling out to sea to catch the big one! This is the Florida lifestyle you've been waiting for. Nestled on a quiet cul-de-sac with little traffic and quick access to Central Ave. Just minutes to the Treasure Island Beaches and a short 15 minute ride to downtown St Petersburg. This waterfront home has 2 bedrooms, 2 bathrooms, a 1 car garage and endless possibilities! Bring your imagination and make your dreams come true! The house was flooded for the first time ever since it was built by Hurricane Helene and was remediated immediately. Seawall is on the schedule to be replaced, see attachments for the signed contract.
Seller is selling subject property at a discount due to flood damage, and hereby keeps rights title and interests to pending claim(s). The Buyers purchase price is at a reduced market value due to flooding damage caused by Hurricane Helene and the purchase price includes affected property loss value. Sold strictly as-is, with no inspection contingencies. Cash buyers only—no wholesalers, assignable contracts, or subject-to offers. Please note that, due to the FEMA 50% rule, renovation feasibility is uncertain, and the seller makes no warranties regarding rehab potential.
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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 Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $639,200 | $639,200 | $639,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.125% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.456% | 7.171% | 6.276% |
Monthly Tax Payment | $395 | $395 | $395 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $4,306 | $4,248 | $5,390 |
Total Monthly Payment | $4,793 | $4,735 | $5,877 |
* 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.