440 Cypress STREET, Tarpon Springs, FL, 34689 | $269,850

There is no better time to buy on this great brick paved street in the middle of famous, for good reasons, city of Tarpon Springs. The house will need total rehab, but most of the houses on the street have gone through recent renovations, without losing the character and the charm of the past. We know a couple more that are scheduled for great improvements too. You may move into a safe neighborhood right now and create the interior according to your taste and budget. These buildings are considered historical, but "non contributing", so you have some freedom when you are choosing material and style for your renovations. The detached utility building at the back has a brand new garage door, so you can safely store your building material while you are working on the improvements of your 2 bedroom and 1 bathroom home with open floor plan. Very large back yard will give you the possibility for expansion of your house, pool or your dream garden. Even old brick has been saved back there too, to give you the option to create a back yard with character. There are some valuable items that were bought by the seller and left for the new owner, like siding, a couple of windows and a door for the entrance, that were preliminary approved by the Tarpon Springs building department. Some improvements have already been done. This can be great for your family to move for the years to come, or for an investor that wants to make the improvements and sell for profit.

Features

  • Rooms: 3
  • Bedrooms: 2
  • Baths: 1 full
  • Lot Size: 55 x 155
  • Laundry: Laundry Room
  • Year Built: 1929
  • Garage: 1-car
  • Heating: Central, Electric
  • Cooling: Central Air
  • Approx Sq. Feet: 1,153
  • Acreage: 0.2
  • Lot Size: 55 x 155
  • Est. Taxes: $204
  • Lot Desc: Cleared, City Lot
  • Elem. School: Tarpon Springs Elementary-PN
  • Middle School: Tarpon Springs Middle-PN
  • High School: Tarpon Springs High-PN
  • Appliances: None
  • MLS#: U8222737
  • Days on Market: 296 days
  • Website: https://www.raveis.com
    /prop/U8222737/440cypressstreet_tarponsprings_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 12/11/2024 5:04:47 PM)
Listing courtesy of OLYMPIC REALTY SERVICES LLC   Phone: 727-937-0107

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Melissa CohnRVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 16953

917.838.7300

Melissa.Cohn@raveis.com

Our Executive Mortgage Banker:

  • Is available to meet with you in our office, your home or office, evenings or weekends
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Our Insurance Division:

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440 Cypress STREET, Tarpon Springs, FL, 34689

$269,850

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 Conforming*
30 Year
Fixed-Rate Conforming
15 Year
Fixed-Rate Conforming
Loan Amount $215,880 $215,880 $215,880
Term 360 months 360 months 180 months
Initial Interest Rate** 6.750% 6.625% 5.750%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 7.300% 6.778% 6.034%
Monthly Tax Payment $17 $17 $17
H/O Insurance Payment $75 $75 $75
Initial Principal & Interest Pmt $1,400 $1,382 $1,793
Total Monthly Payment $1,492 $1,474 $1,885

* 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.