This spacious two-story, 5-bedroom, 2. 5-bathroom home offers nearly 2, 700 heated square feet and is ready for its next chapter. Situated in the desirable Patrician Point neighborhood, this property provides direct canal access with deep water, a composite wood dock, and a 13-foot bridge clearance perfect for accommodating larger boats. The home experienced approximately 6 inches of water on the first floor during Hurricane Helene, marking its only instance of flooding since construction. The upstairs remained unaffected, and the property has been remediated, presenting a blank canvas for you to reimagine and rebuild. The expansive covered porch overlooks the serene canal, offering a perfect spot for relaxing or entertaining. Located just minutes from vibrant downtown St. Petersburg, you'll enjoy easy access to boutique shopping, renowned dining, and the beauty of Tampa Bay. Opportunities like this are rare—seize the chance to craft your dream home and embrace the quintessential Florida lifestyle! Schedule your private showing today! ***Being for lot value or complete renovation, lifting, or redevelopment. Sold as-is, CASH only, no wholesalers, no assignable contracts, no subject-to, no inspection contingencies. Priced at land value and is perfect for redevelopment or new construction. This is an investment or redevelopment opportunity, seller cannot warrant any aspects of the property***
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William Raveis Real Estate
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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 Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $679,920 | $679,920 | $679,920 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.625% | 6.625% | 6.625% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.282% | 6.762% | 6.036% |
Monthly Tax Payment | $316 | $316 | $316 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $4,354 | $4,354 | $5,970 |
Total Monthly Payment | $4,762 | $4,762 | $6,378 |
* 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.