STEPS TO THE BEACH AND WEST OF GULF BLVD. This home shows pride of ownership and has been meticulously maintained by the same owners since 1993. Originally a single level home, in 1994 a second story was added to increase the square footage to just under 2000 sf to include 4 bedrooms (3 have en-suite bathrooms) and 4 full bathrooms. The large primary bedroom is upstairs and offers high ceilings, beautiful hardwood floors, a small bar area with sink for your morning coffee, walk-in closet and a luxurious en-suite bathroom complete with garden tub, walk-in shower, dual sinks and make-up vanity. There’s nothing quite like experiencing the sound of the waves and the peacefulness of the setting sun off your bedroom balcony! Another large secondary bedroom with en-suite bath and walk-in closet is upstairs. Downstairs was flooded by Hurricane Helene and is now a blank canvas. Take advantage of this incredible opportunity to restore this home to its pre-storm condition. Drywall has been removed. There are two bedrooms, one en-suite bath and another full hall bath, living room and kitchen. A cozy little space at the stairwell entrance would be perfect for an office. There is an abundance of storage, wonderful natural light, two AC units (2020) one for each floor and are high and dry, storm shutters, and a workshop with water softener and washer and dryer hook ups off the downstairs bedroom. Furniture conveys with the exception of the dining room table/chairs and personal items. Cash Only, Water Heater has been removed, AS-IS, Where-Is, No Repairs, No Warranties, No Assignment of Contract and No Wholesalers. Please note that, due to the FEMA 49% rule, renovation feasibility is uncertain, and the seller makes no warranties regarding renovation potential. Please preview this home and feel the serenity of beachside living. You will not be disappointed!
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William Raveis Mortgage, LLC
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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 | $880,000 | $880,000 | $880,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.750% | 6.625% | 6.750% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.321% | 6.750% | 7.038% |
Monthly Tax Payment | $201 | $201 | $201 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $5,708 | $5,635 | $7,787 |
Total Monthly Payment | $6,034 | $5,961 | $8,113 |
* 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.