Under contract-accepting backup offers. PRIVATE - QUIET - ONE-ACRE CORNER LOT - 4 Bedrooms | 3 Full Bathrooms | 2-car Garage | Pine trees and a small pond. This fixer-upper is located on the north end of Boca Ciega Millennium Park (pedestrian entrance 50 ' from the home's mailbox). The house was built in 1972, and the current owner purchased the home in 1976. Features include: 1-acre corner lot wooded with tall pines, long driveway, wrought iron fence bordering the front, ROOF NEW 2021, AC NEW 2022, newer irrigation pump (1. 65HP) feeds the pond, and possibly landscape irrigation. The home and property are behind on maintenance. Hurricane Melvin has downed multiple trees that will need to be removed. In years past, the power company moved the power lines underground. A dozen or so trees were cleared to do so. The trees were removed, but the stumps were left behind. All told, the property is priced accordingly. The neighboring area includes other 1-acre properties valued in the millions. Note: Renovating or building new are the options - the property can not be divided and meet current lot size code requirements.
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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 Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $479,920 | $479,920 | $479,920 |
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 | $386 | $386 | $386 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,153 | $3,153 | $4,018 |
Total Monthly Payment | $3,631 | $3,631 | $4,496 |
* 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.