This home has extensive damage from Hurricanes Helene and Milton. Renovate this home or replace it with a new modular stilted home. Newer AC (2023). This home/lot is a short walk to Founders Park, a fishing pier and place to enjoy watching the dolphins and manatees. The lot would support a 1200 sq ft home. With new home you could have additional parking, add a garage and a place to entertain underneath your new stilted home. Price for this home includes share for the lot and ownership in the community. Home is located in Americana Cove, a 55+ community with low HOA of $360, includes water, sewer, trash, lawn mowing and 24 hr manned gate, and Lots of amenities including heated pool, newly updated fitness room, billiards, clubhouse, and many clubs and activities. Two inside cats are welcome. Located close to DT St Pete (10 mins), 2 airports (15 min) and 25 minutes to beaches. Great opportunity to live in this great waterfront community. Cash only. Management requires 675 or higher credit score from all occupants.
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William Raveis Real Estate
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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 | $37,600 | $37,600 | $37,600 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.125% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.456% | 7.171% | 6.276% |
Monthly Tax Payment | $118 | $118 | $118 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $253 | $250 | $317 |
Total Monthly Payment | $446 | $443 | $510 |
* 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.