What An Opportunity!!! This Unique Waterfront Parcel Boasts TWO 1-Bedroom 1-Bathroom Cottages, An Oversized Single-Car Garage With 2 Parking Spaces In Front Plus Room For A Boat At Side Of Garage. A 48' Dock Equipped With Electric, Water And A Fish Cleaning Station, A Beautiful Paver Brick Courtyard With A Cabana That Screams For An Outdoor Kitchen! Both Units Have Their Own Inside Laundry Room And Separate Electric Meter. The Main Cottage Has Plantation Shutters, Beautiful Window Casings And A Large Walk-In Closet. Live In One Unit And Rent Out The Other Or Rent Them Both. Either Way, This Is The Perfect Place To Enjoy The Outdoor, Waterfront Lifestyle. Direct Boating Access To The Intracoastal Waterway, Stump Pass And The Gulf of Mexico Is Just Around The Bend. Both Units Were Damaged By The Hurricane And Will Need Renovations. The Damaged Drywall Has Been Removed, Studs Treated And Lower Cabinets Removed. Both Will Need A/C Units Replaced. The Seller's Have Purchased A Brand New Washer/Dryer For One Of The Units Which Are Offsite And Will Convey With The Sale.
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Our Executive Mortgage Banker:
Our Insurance Division:
$499,000
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 | $399,200 | $399,200 | $399,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.250% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.655% | 7.146% | 6.276% |
Monthly Tax Payment | $366 | $366 | $366 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $2,723 | $2,653 | $3,367 |
Total Monthly Payment | $3,164 | $3,094 | $3,808 |
* 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.