Under contract-accepting backup offers. HERE IS A GREAT OPPORTUNITY TO LIVE ON THE WATER AND DESIGN A HOME TO YOUR STANDARDS! This house was flooded during Hurricane Helene and is being sold in its present condition. The house needs some electrical work, drywall, cabinets, and other minimal repairs to get it back into livable condition. All of the bathrooms have been maintained. The sinks, countertops and cabinet for the master bath are all still useable and in the house. The granite kitchen countertops and the plantation shutters for all the windows are also included in the sale. Although this house is not inhabitable at the present time, the house in its reformed condition boasts many interior amenities like an indoor laundry/wine cellar room with build in cabinets, an exercise room located off of the dining room with its own AC unit. This home is located on the WIDEST CANAL in the well-known boating community of Bay Crest Park with a boat lift, dock and sunbathing deck. The large backyard living space also contains an 8 ft deep pool with child safety fence, firepit and a raised child size playhouse which has 6 new panel windows and its own electric. So put your boat on the lift and enjoy all that the backyard outdoors life while you rebuild the inside!
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$650,000
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 Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $520,000 | $520,000 | $520,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.875% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.191% | 7.171% | 6.276% |
Monthly Tax Payment | $489 | $489 | $489 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,416 | $3,456 | $4,385 |
Total Monthly Payment | $3,997 | $4,037 | $4,966 |
* 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.