519 51st Avenue TERRACE W, Bradenton, FL, 34207 | $110,000

Welcome to your spacious home in the heart of Bradenton in Fair Lane Acres! This is a active 55+ community and you do not want to miss this to own your own land and home. A couple of modern updates to this home will make it a worthwhole investment for a year round resident or seasonal oasis. With updated bathroom and kitchen, this turnkey home is perfect to start while adding a few personal touches to call home. This thoughtfully designed living space, boasts 1 bedroom with a second furnished for guests. This home highlights many updates with updated laminate flooring, and weathered the 2024 hurricane season with strength to stand tall. There are two storage spaces, indoor washer and dryer with a large carport to enjoy the great outdoors. Fair Lane Acres is one of the few pet friendly, land owned communities close to area transit and 20 minutes to the beach. Close to restaurants, shopping, golf and fishing! With easy access to major arteries to easily stay in town or head east or west. Do not miss the opportunity to make this stunning and beautiful property your own!! This home won't last and is ready for you to call home. Call today to schedule your private showing!!

Features

  • Rooms: 5
  • Bedrooms: 1
  • Baths: 1 full
  • Laundry: Inside, Laundry Room
  • Year Built: 1963
  • Heating: Electric
  • Cooling: Wall/Window Unit(s)
  • Approx Sq. Feet: 460
  • Acreage: 0.06
  • Est. Taxes: $837
  • HOA Fee: $131 Monthly
  • Adult Communities: Yes
  • Pet Policy: No
  • Appliances: Dishwasher, Dryer, Microwave, Range, Refrigerator, Washer
  • MLS#: TB8324602
  • Days on Market: 1 day
  • Website: https://www.raveis.com
    /prop/TB8324602/51951stavenueterracew_bradenton_fl?source=qrflyer
This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this Site comes in part from the IDX Program of MFRMLS (My Florida Regional MLS DBA Stellar MLS). The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. (last updated 12/4/2024 2:07:48 PM)
Listing courtesy of THE MAGNOLIA GROUP OF FLORIDA   Phone: 813-444-4995

William Raveis Family of Services

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Melissa CohnRVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 16953

917.838.7300

Melissa.Cohn@raveis.com

Our Executive Mortgage Banker:

  • Is available to meet with you in our office, your home or office, evenings or weekends
  • Offers you pre-approval in minutes!
  • Provides a guaranteed closing date that meets your needs
  • Has access to hundreds of loan programs, all at competitive rates
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Robert ReadeRegional SVP Insurance Sales, William Raveis Insurance

860.690.5052

Robert.Reade@raveis.com

Our Insurance Division:

  • Will Provide a home insurance quote within 24 hours
  • Offers full-service coverage such as Homeowner's, Auto, Life, Renter's, Flood and Valuable Items
  • Partners with major insurance companies including Chubb, Kemper Unitrin, The Hartford, Progressive,
    Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable

519 51st Avenue TERRACE W, Bradenton, FL, 34207

$110,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Melissa Cohn

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 $88,000 $88,000 $88,000
Term 360 months 360 months 180 months
Initial Interest Rate** 6.875% 6.875% 5.875%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 7.352% 7.042% 6.160%
Monthly Tax Payment $70 $70 $70
H/O Insurance Payment $75 $75 $75
Initial Principal & Interest Pmt $578 $578 $737
Total Monthly Payment $723 $723 $882

* 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.  The Total Monthly Payment does not include the estimated HOA/Common Charge payment.