There is a story with this home! It is a charming home on a quiet little cul-de-sac, that has many wonderful features, from the gorgeous kitchen with the gourmet gas stove with electric double oven, copper sink and HUGE pantry, spectacular granite and top end cabinets, to the pass through fireplace in family room and living room. A big yard filled with sturdy grandfather oaks. The best neighborhood in Plant City with walking trails, dog park, playground, but a very reasonable HOA, and NO CDD. Great schools. But there are issues. The owner did some landscaping changes, to include what was intended to be a pond right next to the house, not a good choice. This affected the drainage in rear yard, and during Hurricane Milton, about 3 inches of water came in the house. The house was under renovation to be sold. But this situation was caught immediately, and the new vinyl plank flooring was removed, and about a foot of the wall board was removed. Dryers were run, windows left open (Thank goodness we had wonderful dry and cool weather after the storm) and no mold formed. So, the owners decided to forgo completing the renovation to sell at a bargain "AS IS" price. All of the flooring is in great shape, just needs to have new underlayment and be re-installed. There are also new baseboards waiting to be installed. There is a new vanity purchased and still in the box to be installed in the hall bath There are new doors, most already hung. It is estimated that correcting the drainage issue would be about $2, 000-$3, 000. Most of the work needed could be done by someone with good handyman skills. The home must either be bought cash, or would be perfect for a 203K FHA renovation loan. Do ask for recent market analysis showing that the value of this home nicely fixed up would be around $350-$370K. Do come and take a look and see if you would be the one to make this home what it should be!
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5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $219,920 | $219,920 | $219,920 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.477% | 7.159% | 6.296% |
Monthly Tax Payment | $99 | $99 | $99 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,463 | $1,462 | $1,855 |
Total Monthly Payment | $1,637 | $1,636 | $2,029 |
* 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.