Incredible Opportunity in SHORE ACRES! Priced to Sell. First time flooding. Property flooded in hurricane Helene. LOT 50x100. Per Fema, state and local guidelines this home must be remodeled up to code (built up) or torn down for new build. Priced for land value only. Only cash or hard money offers are accepted. This location offers convenient access to a variety of amenities, including shopping centers, the new Whole Foods, coffee shops, fitness clubs, restaurants, and a vibrant downtown St Pete. Nearby public boat ramps, outdoor parks, beaches, and golf courses make this a highly desired location. Just a short stroll from the newly opened $11 million Shore Acres Recreation Center which center boasts a wide range of amenities, including: a 6-lane swimming pool, an indoor gymnasium with leagues for basketball, volleyball, and pickleball, and a dedicated teen room complete with a movie theater, arcade games, ping pong, and pool tables. Creative minds will love the Discovery Room for arts and crafts, while two multipurpose rooms, a tutoring room, and a rentable conference room add even more convenience for residents. Outdoors, you’ll find a playground, green space, and a basketball court, providing endless opportunities for recreation. This home is located in a prime spot, just a short drive to downtown St. Petersburg, where you'll enjoy an array of boutique shopping, diverse dining options, and easy access to I-275 for a smooth commute to Tampa and surrounding areas. Plus, the stunning Gulf beaches are only a short distance away. This is the perfect time to make this vibrant community and its outstanding amenities your new home!
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Our Executive Mortgage Banker:
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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 | $184,000 | $184,000 | $184,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.375% | 7.125% | 6.125% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.474% | 7.282% | 6.412 |
Monthly Tax Payment | $294 | $294 | $294 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,271 | $1,240 | $1,565 |
Total Monthly Payment | $1,640 | $1,609 | $1,934 |
* 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.