This is a great opportunity to own a beach community property! Property was flooded and it is not known if the building is salvable. The property is being sold at LAND VALUE. The structure is As-Is/Where-Is and will be the buyer's responsibility to demolish, remove or repair after closing. Property is located and sits just two blocks from the beautiful white sands of St. Pete Beach. With deeded access to the beach, this community offers a lot to those looking to enjoy the Florida weather and everything St. Pete Beach has to offer! You can take in views of the famous "pink castle", The Don Cesar Hotel from the property. Enjoy access to the Gulf of Mexico with a short walk from the property without paying the waterfront property prices. Rebuild and make this beach community your dream destination in Florida. Other area features include a 15-20 minute commute to Downtown St. Petersburg where you can take in art festivals, concerts, museums, nightlife, amazing restaurants and much more, Fort Desoto State Park and all of the water sports adventures you’ve come to expect when living in Pinellas. Fish, swim, sunbathe, boat, windsurf, you name and you have it on the waters here in St. Pete.
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Our Executive Mortgage Banker:
Our Insurance Division:
$515,000
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 | $412,000 | $412,000 | $412,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.875% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.425% | 7.146% | 6.276% |
Monthly Tax Payment | $572 | $572 | $572 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $2,707 | $2,738 | $3,474 |
Total Monthly Payment | $3,371 | $3,402 | $4,138 |
* 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.