Excellent St. Pete Beach rebuild opportunity! Located on a highly desirable corner lot with an alley on one side, this Belle Vista location provides the added privacy of only one adjacent neighbor. The current structure is being sold AS IS following damage sustained from the recent hurricanes, offering an advantageous investment opportunity for those looking to create their dream home in a highly sought-after coastal community. The HVAC system has a new air handler installed as of May 31, 2024, as well as new A/C ducts and insulation, and a new condenser and pump added in October 2024. Electricity is currently on though some breakers have been turned off for some of lower electrical outlets under the water line. The property comes equipped with transferable, leased solar panels to help reduce energy costs, and an irrigation system for easy maintenance of the yard. The current structure has a transferable termite warranty. Though Seller is not able to warrant the structure, the house does have hurricane impact windows that fared well in the recent storms. Three windows have issues with the pull lines and might need repair. Washer & dryer hookups are located in the shed, connected by a covered patio. The granite kitchen countertops and sink were able to be salvaged. Beautiful pavers compose the 2-car wide driveway and walkway. Seller is having the white vinyl fence repaired. The 7, 200 sq ft lot provides ample space, with the added benefit of the option to build up, allowing for expanded views from higher floors. Now is the time to secure a prime location with exceptional potential at a price that will allow you to build your dream home. Call for an appointment today!
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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 | $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 | $524 | $524 | $524 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $2,854 | $2,817 | $3,654 |
Total Monthly Payment | $3,470 | $3,433 | $4,270 |
* 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.