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3710 Gulf Of Mexico DRIVE, #F1, Longboat Key, FL, 34228 | $195,000
HURRICANE DAMAGED HOME in beautiful Gulfshore of Longboat Key. This unit will require a significant amount of restoration to make it the beautiful beach bungalow that it once was. The owners have loved Gulfshore during the decades that they have owned there. As such, they are offering a dramatically reduced asking price and a $12, 000 credit at closing to make restoration economically feasible. The home features 620 square feet of living space, with a kitchen, living room, one primary bedroom (L-Shaped) and a bath. There is also an outside bath (needs renovation) that is perfect for when you return from the beach. It is close to the clubhouse and the marina. The community of Gulfshore, is truly a tropical paradise and is just six miles from world-famous St. Armands Circle in Sarasota. It offers ownership of approximately 450 feet of beach on the beautiful Gulf of Mexico. The Gulf is known for its wonderful sand beaches and turquoise waters. In addition, Gulfshore has a marina on Sarasota Bay (also damaged by the hurricanes), a large community swimming pool, kayak launch and a clubhouse for hosting social events. Gulfshore is proud of their financial management and the affordable cost of living that has resulted. Gulfshore is a 55+ community that does not allow rentals or pets.
Features
- Amenities: Clubhouse, Laundry, Pool
- Rooms: 6
- Bedrooms: 1
- Baths: 1 full
- Laundry: None
- Year Built: 1974
- Heating: Other
- Cooling: None
- Approx Sq. Feet: 620
- Acreage: 0.04
- Est. Taxes: $2,614
- HOA Fee: $235 Monthly
- Lot Desc: Corner Lot, FloodZone, Level, Near Marina
- Adult Communities: Yes
- Pet Policy: No
- Appliances: None
- MLS#: A4627516
- Days on Market: 1 day
- Website: https://www.raveis.com
/prop/A4627516/3710gulfofmexicodrive_longboatkey_fl?source=qrflyer
Listing courtesy of EDGEWATER REAL ESTATE, INC Phone: 941-778-8104
William Raveis Family of Services
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888.699.8876
Contact@raveis.com
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Melissa CohnRVP, Mortgage Banker, William Raveis Mortgage, LLC
NMLS Mortgage Loan Originator ID 16953
917.838.7300
Melissa.Cohn@raveis.com
Our Executive Mortgage Banker:
- Is available to meet with you in our office, your home or office, evenings or weekends
- Offers you pre-approval in minutes!
- Provides a guaranteed closing date that meets your needs
- Has access to hundreds of loan programs, all at competitive rates
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Robert ReadeRegional SVP Insurance Sales, William Raveis Insurance
860.690.5052
Robert.Reade@raveis.com
Our Insurance Division:
- Will Provide a home insurance quote within 24 hours
- Offers full-service coverage such as Homeowner's, Auto, Life, Renter's, Flood and Valuable Items
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Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable
3710 Gulf Of Mexico DRIVE, #F1, Longboat Key, FL, 34228
$195,000
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
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5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
|---|---|---|---|
| Loan Amount | $156,000 | $156,000 | $156,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 7.125% | 6.875% | 5.990% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 7.616% | 7.055% | 6.256% |
| Monthly Tax Payment | $218 | $218 | $218 |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $1,051 | $1,025 | $1,316 |
| Total Monthly Payment | $1,344 | $1,318 | $1,609 |
* 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.
William Raveis Mortgage, LLC, NMLS ID 2630, 7 Trap Falls Road, Shelton, CT 06484
FL Mortgage Lender MLD1388