This property is located in the beautiful MBYC (Madeira Beach Yacht Club) Community however, the unit was damaged in Hurricane Helene and is being sold "AS IS" and is in the beginning process of being repaired and remediated and when completed, this unit will be like "brand new" with your own design! This is a concrete block ground floor unit is 2 bdrm/1bath, with an enclosed balcony. There is no boat slip with this unit. ROC Park is right across the street and has basketball and pickleball courts, a dog park and a recreation center. The amenities in the community include a large clubhouse that can be rented for celebrations, an exercise room, a sauna, a hot tub, pool table room, heated pools(2), and is a 5 minute walk to the beautiful sands of Madeira Beach. Don't miss out on this great buy and bring your own finishing touches to make this condo your own!!
This community does require 7 day minimal rentals and was being used as a seasonal rental with reservations from November, 2024 through April, 2025 however the reservations have since been cancelled because of not having a firm timeline yet on the repairs. . .
The selling price is firm. The flood insurance coverage process can be discussed privately with potential buyer, who would obviously be entitled to the repair money. Remediation is in process. . .
I am the owner of the condo and the realtor
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5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $319,200 | $319,200 | $319,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.750% | 6.625% | 5.750% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.300% | 6.802% | 5.990% |
Monthly Tax Payment | $359 | $359 | $359 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $2,070 | $2,044 | $2,651 |
Total Monthly Payment | $2,504 | $2,478 | $3,085 |
* 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.