This spectacular property is being sold for land value. You will be stunned by the view! Hurricane Helene has created the perfect opportunity for you to build your dream home. The lot features 75' of water frontage and is 146 feet deep, creating a lot with 10290 square feet for your dream home! Save money on your construction costs with the seawall, dock, and pool complete. Three tired seawall plus riprap protects the property. The pool and dock were remodeled in 2018. Brightwaters Boulevard is the premier street in St. Petersburg! New construction waterfront homes along this street have recently sold for $9, 000, 000 - $13, 000, 000. Zoned Neighborhood Suburban for Single Family construction. Side setbacks = 7. 5', front setback = 25' (17' to the front of stoop), rear setback = 15' from the center of the seawall. All zoning and building information can easily be accessed at www. stpete. org
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Our Executive Mortgage Banker:
Our Insurance Division:
$3,300,000
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 Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $2,640,000 | $2,640,000 | $2,640,000 |
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 | $2,185 | $2,185 | $2,185 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $17,123 | $16,904 | $23,179 |
Total Monthly Payment | $19,433 | $19,214 | $25,489 |
* 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.