**Rare Opportunity in the Iconic Pink Streets of St. Petersburg!** Located in the highly desirable and historic Pink Streets neighborhood, this . 30-acre lot offers endless potential to build your dream home or rehab the existing home in one of St. Pete’s most charming and scenic communities in Pinellas Point. With its lush mature trees, winding roads, and proximity to parks and waterfront views, this oversized lot is a blank canvas waiting for your vision. The existing structure is the perfect pallet to redesign the home to your liking. It features 3 bedrooms upstairs, including a primary suite with a sunroom, and a fireplace on the main level with a half bath downstairs that's in the back corner behind an office/ sunroom and a secret door between two rooms. This impressive lot is not in a flood zone, offering peace of mind without requiring flood insurance. Situated in the tranquil Pink Streets neighborhood, known for its unique pink-paved roads and serene atmosphere, the location also offers convenient access to downtown St. Pete, Tampa, and the Gulf beaches. This is a cash-only transaction due to the home’s current condition and inability to be financed. Bring your architect, designer or builder to create a stunning residence that fits this prestigious location. Don’t miss your chance to own a piece of one of St. Petersburg’s most iconic neighborhoods.
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Our Executive Mortgage Banker:
Our Insurance Division:
$550,000
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 | $440,000 | $440,000 | $440,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.750% | 6.625% | 5.750% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.300% | 6.778% | 6.034% |
Monthly Tax Payment | $848 | $848 | $848 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $2,854 | $2,817 | $3,654 |
Total Monthly Payment | $3,794 | $3,757 | $4,594 |
* 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.