Spectacular Waterfront Opportunity. 60 feet of beautiful intercoastal water views along with a brand new sea wall and a brand new 12’ x 40’ dock with dual lifts (8, 000 lbs and 10, 000 lbs) that survived the storms. As did this original 3 bedroom / 3 bath block pool home. Recent appraisal, assessed value adjustment indicates this home could be eligible to be restored to its original beauty. To protect the integrity of the structure, framing and infrastructure, a brand new HVAC system was installed 10/14/2024. This house will return to the glorious waterfront, close beach access, Florida lifestyle home that it is! The water-intrusion barrier system these sellers invested in greatly minimized the excessive flooding experienced by neighboring properties. Refurbish this shell into the masterpiece that’s perfect for you!!! OR! Review Short Term Rental Information – Town of Redington Beach, Pinellas County, Florida for specific short term rental rules and regulations for investment opportunities. As an added bonus, the sellers saved the granite countertops, so if the new owner configures the kitchen the same as it was they will save some $$.
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Our Executive Mortgage Banker:
Our Insurance Division:
$950,000
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 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** | 6.750% | 6.625% | 6.625% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.620% | 6.735% | 6.806% |
Monthly Tax Payment | $1,140 | $1,140 | $1,140 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $4,929 | $4,866 | $6,673 |
Total Monthly Payment | $6,161 | $6,098 | $7,905 |
* 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.