Under contract-accepting backup offers. Under Contract. Now Accepting Backup Offers! You are going to love this newly updated 3 bedroom, 2 bath Venice Island dream home! Not only is this charming and spacious beach cottage perfectly located just minutes from Downtown Venice, the famous Venice Beach Pier and Legacy bike Trail, but it also remains tucked away just enough to be in an "X" Flood Zone, (insurance usually not required). Downtown Venice is host to a vibrant array of shops, cafes and world class dining as well as free tennis and picklelball courts at Hecksher Park. At Venice Beach you will love searching for sharks teeth in front of Sharky's, listening to live music and fishing from the pier! As an added bonus, Venice Island makes a great location for Seasonal Rentals and as is, this home is perfect for both an Investment Property with steady income or a Primary Residence. However, because it is already Zoned as a multifamily property, you may even choose to add an additional unit in order to maximize this amazing home's earning potential for generations to come! Come live the life you have been waiting for and scoop up this treasure before it's gone! Call or text to schedule a private tour now. One or more photo(s) has been virtually staged to help showcase the intended use and true potential of spaces in the home.
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Our Executive Mortgage Banker:
Our Insurance Division:
$410,000
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 Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $328,000 | $328,000 | $328,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.250% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.655% | 7.146% | 6.276% |
Monthly Tax Payment | $355 | $355 | $355 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $2,238 | $2,180 | $2,766 |
Total Monthly Payment | $2,668 | $2,610 | $3,196 |
* 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.