Welcome to this exceptional waterfront property offering endless possibilities for your dream home. Situated in a prime location with breathtaking views of the water, this lot provides the perfect canvas for building a custom residence tailored to your unique vision. The property boasts ample space, allowing for a grand home with expansive outdoor living areas, perfect for entertaining or enjoying peaceful retreats by the water. Whether you envision a modern architectural masterpiece or a classic coastal retreat, the natural surroundings and tranquil atmosphere make this site an ideal choice. With direct access to the water, you can enjoy boating, fishing, or simply basking in the serene views. This is an opportunity to create the perfect waterfront oasis, just moments from local amenities, yet far enough to provide a sense of seclusion. Don’t miss out on this rare chance to build a new home in one of the most desirable locations. The potential here is truly limitless.
The seller is selling subject property at a discount due to flood damage. The asking price is at a reduced market value due to flooding damage caused by Hurricane Helene and the purchase price includes affected property loss value. Please note that renovation feasibility is uncertain, and the seller makes no warranties regarding rehab potential.
ROOF - 2012
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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 | $640,000 | $640,000 | $640,000 |
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 | $270 | $270 | $270 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $4,151 | $4,098 | $5,315 |
Total Monthly Payment | $4,513 | $4,460 | $5,677 |
* 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.