Nestled in the heart of New Smyrna Beach's vibrant historic downtown district, this charming 2-bedroom, 1-bath home offers a rare combination of timeless character and modern investment potential. Located just blocks from iconic Canal Street and the North Causeway, the property boasts a prime location within the Short-Term Rental and Arts Overlay District, allowing for AirBNB and similar rental opportunities, enhancing its appeal for both residential and commercial uses. This 1920s-era home exudes charm, with a welcoming front porch perfect for relaxing with a cool drink on warm evenings, original hardwood floors, and stunning craftsmanship throughout. The tile roof and expertly maintained details reflect its historic significance as a Nationally Registered property. The spacious screened in back porch is ideal for entertaining or relaxing and overlooks the expansive backyard which provides ample room to create your private oasis, with space for a pool, outdoor seating areas, or even an additional structure. Consider adding a garage, guest house, or apartment to further maximize the property's utility and investment opportunities. The yard is partially fenced for privacy, while other exterior features include beautiful landscaping, a pavered driveway, and additional parking for a boat or RV. With versatile Mixed-Use Zoning, this property presents endless possibilities, whether you're seeking a unique residence, a redevelopment opportunity, or a business venture in a high-demand area. The combination of its historic charm, prime location, and investment potential makes it a one-of-a-kind treasure. Don't miss the chance to own a piece of New Smyrna Beach history while shaping its future. This property is more than a home – it's a canvas for your vision. Discover the magic and limitless opportunities today!
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William Raveis Real Estate
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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 | $639,200 | $639,200 | $639,200 |
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 | $575 | $575 | $575 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $4,199 | $4,199 | $5,351 |
Total Monthly Payment | $4,866 | $4,866 | $6,018 |
* 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.