1801 Gulf DRIVE N, #192, Bradenton Beach, FL, 34217 | $569,000

This ground floor two bedroom two bath is on the Bay of Sarasota, The condo received flood waters during Hurricane Helene with approximately 3 feet of water. The condo is currently undergoing moisture mitigation by Wrightway which is provided thru the assocations flood insurance. The insurance will cover replacing the walls/ insullation and doors once it is completely dried out, Addtionally the insurance wiill cover replacing the appliances and all cabinets that were impacted by the flood waters. Additionally work is being done on the clubhouse, pool, fitness center, tennis and the pickelball facitiies which were damaged during the hurricanes.
The unit has a new water tank and the air conditioning was replaced in 2018. All windows and doors were replaced in 2013 with hurricane proof windows and doors.
Addtionally the board had approved to replace the roof prior to the hurricanes and the seller will pay in full the special assessment in the amount of $13, 986.
This is an opportunity to redecorate this unit to your particular style and taste.
This unit has an excellent rental history and is a favorite for return guests. In 2023 this unit had rentals exceeding $60k.

Features

  • Heating: Central
  • Cooling: Central Air
  • Levels: 1
  • Rooms: 4
  • Bedrooms: 2
  • Baths: 2 full
  • Laundry: Inside
  • Complex: RUNAWAY BAY
  • Year Built: 1978
  • Approx Sq. Feet: 1,080
  • Acreage: 10.79
  • Est. Taxes: $7,672
  • Condo Fee: $1,592 Monthly
  • Elem. School: Anna Maria Elementary
  • Pet Policy: Cats OK, Dogs OK
  • Appliances: Cooktop, Dishwasher, Freezer, Range, Washer
  • MLS#: A4626619
  • Days on Market: 6 days
  • Website: https://www.raveis.com
    /prop/A4626619/1801gulfdriven_bradentonbeach_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 10/31/2024 11:32:07 PM)
Listing courtesy of ANNA MARIA ISLAND BEACHES RE   Phone: 941-567-5234

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NMLS Mortgage Loan Originator ID 16953

917.838.7300

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1801 Gulf DRIVE N, #192, Bradenton Beach, FL, 34217

$569,000

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 $455,200 $455,200 $455,200
Term 360 months 360 months 180 months
Initial Interest Rate** 7.375% 6.990% 5.990%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 7.708% 7.133% 6.256%
Monthly Tax Payment $639 $639 $639
H/O Insurance Payment $92 $92 $92
Initial Principal & Interest Pmt $3,144 $3,025 $3,839
Total Monthly Payment $3,875 $3,756 $4,570

* 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.  The Total Monthly Payment does not include the estimated HOA/Common Charge payment.