Under contract-accepting backup offers. **THIS PROPERTY HAS FLOOD DAMAGE FROM HURRICANE HELENE** This mid-century modern family home is offered AS IS. Nestled in Tanglewood, a fantastic location that provides a suburban residential setting with local parks and schools while still having easy access to Downtown St. Petersburg. The home is currently set up as a 2-bedroom home as the owners did not need the original 3rd bedroom and wanted to maximize the living area. However, it can easily be changed back to a 3-bedroom home. The post-hurricane repair and clean-up have already been completed, giving the next owner a blank canvas to work with. The backyard is a true tropical oasis, with a beach style, walk-in pool, and plenty of palms; it's an area made for relaxing. Home is offered at a fraction of its full market value comparative market analysis, giving you plenty of meat on the bone for a savvy buyer or investor to bring the home back to its former glory. Alternatively, the lot can comfortably accommodate a larger, new-construction single-family house if this avenue is more appealing to the next owner.
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Our Executive Mortgage Banker:
Our Insurance Division:
$425,000
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 | $340,000 | $340,000 | $340,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.875% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.477% | 7.055% | 6.256% |
Monthly Tax Payment | $623 | $623 | $623 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $2,262 | $2,234 | $2,867 |
Total Monthly Payment | $2,960 | $2,932 | $3,565 |
* 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.