Amazing waterfront location WITH a pool, dock and boat lift. Although the home was flooded, this property will make an amazing location for your beach paradise. The existing lot features a spacious inground pool, composite dock and 10k lb boat lift, all in good condition. The additional features remain in good shape and add significant value. The current structure is a duplex, with a 1. 5 car garage, offering over 2, 000 sq ft under roof, which may provide a good foundation for a large elevated structure. The multi-family zoning may give an investor an opportunity for cash flow. The location is AMAZING! Walk to approximately a dozen restaurants and/or bars, and just across the street to the beach. It's also very close to the Madeira Beach Fundamental School! The dock area also has space for a 40'+ vessel in the water in addition to the boat lift, on a protected harbor. The seller is offering this property for land value and will be sold in strictly as-is condition.
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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 Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $540,000 | $540,000 | $540,000 |
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 | N/A | N/A | N/A |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,547 | $3,547 | $4,520 |
Total Monthly Payment | $3,639 | $3,639 | $4,612 |
* 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.