This 2/1 home is ready for you to knock down and build something new and spectacular. Purchase the lot next door to have nearly 1/4 acre lot and build your dream home! Bring all reasonable offers. The home was flooded and is now being sold in as is condition. Priced for land value only. Only cash or hard money offers are accepted. There's a detached garage and plenty of parking for a boat, and 3 cars tandem. Perfect amount of back yard for the kids, dogs and entertaining. In July 2022, the City of St. Pete opened the $11 million Shore Acres Recreation Center. No need to join a club when you have a 6-lane swimming pool, indoor gymnasium with leagues and "open gym" hours for basketball, volleyball, and pickleball, a teen room with a projector for movies, rec games (ping pong and pool tables), video games, arcade games for campers to enjoy before and after school and seasonal camps. A Discovery Room for arts and crafts, two multipurpose rooms, a tutoring room, and a conference room for rent to the public. An outdoor playground, multipurpose green space, and basketball court. It is an excellent home and a community of homeowners that know their neighbors. Per Fema, state and local guidelines this home must be remodeled up to code (built up) or torn down for new build.
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Our Executive Mortgage Banker:
Our Insurance Division:
$234,900
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 | $187,920 | $187,920 | $187,920 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.375% | 7.125% | 6.125% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.474% | 7.282% | 6.412 |
Monthly Tax Payment | $46 | $46 | $46 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,298 | $1,266 | $1,598 |
Total Monthly Payment | $1,419 | $1,387 | $1,719 |
* 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.