Rare opportunity
INVESTOR / DIY DREAM retail $750, 000
Pasadena Gulf Club Estates is a beautiful area. This is a beautiful, three bed, three bath home.
BUY $150, 000 BELOW MARKET AFTER REMODEL
Flooded with 15" of water during hurricane Helene, now completely demoed, mold free and ready to be remediated. Enjoy a private rear yard with in-ground heated pool, putting green surrounded in palm trees.
Large 2 car garage with laundry room. Its restored value may be greater then 750k depending on what level you improve appliances, AC, etc. I have saved all of the hardware for the doors and cabinets, all bath / kitchen granite countertops.
The pool is in excellent condition, heater for the pool still working fine, which is about two years old. Pasadena golf club Estates is a fabulous location just behind the Pasadena yacht and country club. You’re surrounded by homes ranging from 1. 2 to 2. 3 million dollar homes and across the street from Boca Ciega Bay. Cost to repair is approximately $75, 000
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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 | $420,000 | $420,000 | $420,000 |
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 | $654 | $654 | $654 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $2,794 | $2,791 | $3,542 |
Total Monthly Payment | $3,540 | $3,537 | $4,288 |
* 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.