Pre-Construction. To be built. The purchase price of $1, 286, 000 includes an allowance of $400, 000 for completing the build-out.
This is a unique opportunity to own a shell—essentially a blank canvas—for you to unleash your architectural creativity. Our concept involves guiding you through the entire development process, including architectural design, engineering, permitting, and construction.
The property features a new 4, 286-square-foot, two-story shell constructed using Structural Insulated Panel Systems (SIPS). From build-out to Certificate of Occupancy (C. O. ), you will have the opportunity to work alongside our contractors, architects, engineers, and custom builders to complete your unique warehouse art studio, located in the trendy St. Pete's Warehouse Art District.
**What are SIPS?**
Structural Insulated Panel Systems (SIPS) were first used in 1922 by architect Frank Lloyd Wright. Initially made of wood, SIPS have evolved into a green building material. Today, steel SIPS panels are used, offering durability and efficiency. They are resistant to fire, termites, water damage, and wind, and are 100% energy efficient. Benefit from an Information Technology zoning, providing flexibility for live/work arrangements, creative studios, or tech-focused ventures. With downtown St. Petersburg just minutes away, relish easy access to cultural venues, dining gems, and waterfront attractions. This canvas awaits your architectural dreams—whether completing the build yourself or partnering with our recommended builders. Seize this rare chance to own a piece of St. Petersburg's vibrant arts and culture scene while shaping a space that reflects your distinct style. Embrace the opportunity to secure your future in one of Florida's most coveted neighborhoods. Contact us today to explore this unparalleled offering in the Warehouse Arts District.
Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
Our family of companies offer our clients a new level of full-service real estate. We shall:
To learn more about our credentials, visit raveis.com today.
Our Executive Mortgage Banker:
Our Insurance Division:
$1,286,000
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 | $1,028,800 | $1,028,800 | $1,028,800 |
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 | $318 | $318 | $318 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $6,673 | $6,588 | $9,033 |
Total Monthly Payment | $7,116 | $7,031 | $9,476 |
* 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.