On the tree-lined brick streets of 23rd Ave N in Old Northeast sits a home available for purchase for the first time since its origination in 1951. Located only three blocks from the 4th Street corridor, one mile to downtown St. Pete, and blocks from the sidewalks lining Coffee Pot Bayou, this incredibly desirable location will have you in the heartbeat of St. Pete in minutes. Also worth mentioning, the house suffered no damage from the hurricanes and remained high and dry! From the brick walkway through the well-manicured front yard, you are met with the covered front porch leading you into the formal living room with original hardwood floors. A huge upgrade that provides not only energy efficiency but also peace of mind is the presence of impact windows throughout the house. Two bedrooms are located towards the front of the house and share the retro blue bathroom, and the indoor laundry closet is located in the hall. The dining room and kitchen are at the heart of the home, and lead into the spacious family room, with large windows overlooking the dreamy backyard. The potential for a true primary suite is found towards the back of the home, where the third bedroom has access to two large closets and its own bathroom. Finally, you can sip your coffee on the serene, shaded brick patio in the back yard (with plenty of room for a pool!). The detached one car garage and three-car driveway are accessible through the alley access behind the property. There is also potential for additional income, as this house meets St. Pete’s zoning criteria for an ADU if you choose to build upon the detached garage. The opportunity in this home is just too good to pass up!
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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 Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $652,000 | $652,000 | $652,000 |
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 | 7.406% | 6.762% | 6.830% |
Monthly Tax Payment | $128 | $128 | $128 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $4,229 | $4,175 | $5,725 |
Total Monthly Payment | $4,449 | $4,395 | $5,945 |
* 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.