This sturdy home is not in a flood zone and comes with no CDD or HOA. It has withstood 140 mph hurricane winds twice in the past two years, up to a Category 3-4 hurricane level. The property includes a bright 2-bedroom, 1-bath main house and a separate 1-bedroom, 1-bath mother-in-law suite. Both the main house and the suite feature newly renovated bathrooms, kitchens, and flooring. The home is equipped with a modern central AC system installed in 2022, under warranty, and a recently updated water heater. Additionally, there is an external modern laundry area with a washer and dryer. The one-bedroom unit is currently unfinished, needing wall AC units and a kitchen to be completed. The property also offers a large fenced backyard and hosts a month-to-month tenant, with high-speed internet and all utilities included in the rent. Located in a tranquil neighborhood, it's within walking distance to local amenities and a short drive from Warm Mineral Springs and Gulf beaches. The property is also suitable for Airbnb, which could generate significant income. To respect tenant privacy, please do not disturb them and schedule visits by appointment only.
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Our Executive Mortgage Banker:
Our Insurance Division:
$215,000
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 | $172,000 | $172,000 | $172,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.250% | 6.990% | 6.250% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.582% | 7.171% | 6.518% |
Monthly Tax Payment | $268 | $268 | $268 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,173 | $1,143 | $1,475 |
Total Monthly Payment | $1,516 | $1,486 | $1,818 |
* 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.