Under Construction. MAIN HOME COMPLETE! ADU ESTIMATED COMPLETION 01/23/2025 (see progress pics) High & Dry! No hurricane or flood damage to the home! Charming Home in Historic Old Northeast! Nestled in the heart of the historic Old Northeast neighborhood, this beautifully reconstructed home blends classic charm with modern luxury. Virtually a brand-new construction, it retains only two original studded walls to conform to historic regulations, ensuring both authenticity and contemporary comfort. The Main Home offers 1, 700 sqft of meticulously designed living space and superior construction, built with 2x6 framing instead of standard 2x4. With foam insulated walls, floors and metal roof, and an air conditioned attic, this home is built for comfortable interior temperature and energy efficiency. Boasting an open floor plan with 10-foot ceilings, custom 8-foot doors, and custom hurricane impact windows. The gourmet kitchen features a central island, solid wood cabinetry, and beautiful custom Gas appliances, perfect for culinary enthusiasts. Out back you can enjoy a private, in-ground saltwater pool & spa that evoke a luxurious resort-style experience. Included is a detached 3-car garage with pool bath and alley access and a 750 sqft 2 bedroom, 1 bath apartment above, with gorgeous views of the downtown St. Pete skyscrapers, ideal for guests or rental income. Surrounded by charming shops and restaurants, this home exists in a prime location offering a vibrant community atmosphere. Enjoy easy access to the cultural and recreational amenities of downtown St. Petersburg. This smart home's door locks and heating/cooling system can be controlled by an app on your phone for additional convenience. Such a rare find in a sought-after neighborhood, offering both historic elegance and modern amenities. Perfect for those who appreciate quality craftsmanship and a vibrant, community-focused lifestyle. Don't miss the opportunity to own this exceptional property! *Slight changes/differences in renderings of pool area; renderings are for example only-not exact*
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Our Executive Mortgage Banker:
Our Insurance Division:
$1,900,000
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 Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $1,520,000 | $1,520,000 | $1,520,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.625% | 6.750% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.274% | 6.723% | 6.932% |
Monthly Tax Payment | $860 | $860 | $860 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $10,113 | $9,733 | $13,451 |
Total Monthly Payment | $11,098 | $10,718 | $14,436 |
* 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.