Under contract-accepting backup offers. Endless Potential in a Prime Location! Welcome to a property brimming with possibilities! This home is located in the heart of Old Clearwater Bay. Nestled on a CORNER lot, this home provides breathtaking sunsets and absolutely stunning views across the intracoastal waterway. This is a lovely neighborhood with multi-million dollar homes across the street, older quaint homes, and newly constructed homes. The home survived Hurricane Helene and is being offered for renovation or redevelopment. This property is an excellent value. This spacious one story, 3 bedroom, 3. 5 bath residence offers over 2, 000 square feet, including the garage that could be used for a versatile mother-in-law suite with its own bathroom, perfect for guests or extended family OR as your garage workshop. The possibilities are endless. Recent upgrades BEFORE HURRICANE HELENE include NEW ROOF and HVAC system. In addition to its prime location, this property features a convenient two-car carport, ensuring ample parking space. Enjoy the best of coastal living with award-winning Clearwater Beach, downtown Clearwater, the Pinellas Trail, the newly renovated Coachman Park, as well your choice of either Clearwater or Dunedin Marina since they are equidistant from this Old Clearwater Bay gem. Let’s not forget the endless activities and entertainment for the entire family within downtown Dunedin that’s barely over one mile away. Don’t miss your rare opportunity to own a piece of paradise in one of Clearwater’s most sought-after neighborhoods and bring your vision to life! Some photos are prior to hurricane Helene. SOLD AS-IS and the seller can not warrant any aspect of the properties condition and is leaving it to the buyer to evaluate the feasibility of a rehab project prior to moving forward.
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Our Executive Mortgage Banker:
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$449,000
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 | $359,200 | $359,200 | $359,200 |
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 | $933 | $933 | $933 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $2,481 | $2,420 | $3,055 |
Total Monthly Payment | $3,489 | $3,428 | $4,063 |
* 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.