ADORABLE COTTAGE PLUS ADU ON A LARGE LOT IN CLEARWATER WITHIN 2 BLOCKS OF BELLEAIR GOLF COURSE. Lease out both or live in the cottage and rent the studio ADU to cover your mortgage payment! Both homes include electric SOLAR PANELS and solar water heaters - all OWNED and convey with the property. The primary home includes NEW LUXURY VINYL PLANK FLOORS, a kitchen with newer WHITE CABINETS AND GRANITE COUNTERS and a touch of old Florida - A SCREENED FRONT PORCH TO ENJOY YOUR MORNING COFFEE ON. Central AC (2019) and an attached laundry area complete this homes desireable qualities. The SEPARATE, FREE STANDING STUDIO APARTMENT includes TILE FLOORS, newly installed shower and bath and features VAULT CEILINGS, a partly enclosed outside storage area and patio. It is heated and cooled with a mini-split (2021). Roof of Home - dimensional shingle 2018, back half of roof is galvanized standing seam 2018, installed before the solar panels were attached. Roof of Studio - dimensional shingle, 8 or 9 years old. A place to call home that also offers the opportunity to pay for itself? These are hard to find - don't miss your opportunity!
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Our Executive Mortgage Banker:
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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 | $351,200 | $351,200 | $351,200 |
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 | $195 | $195 | $195 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $2,307 | $2,307 | $2,940 |
Total Monthly Payment | $2,577 | $2,577 | $3,210 |
* 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.