Quick Price Improvement listed at below what recent comps for LAND has sold for! Bring your offer soon, this amazing deal won't last long! This is a Single Family Home on a DOUBLE LOT in Crystal Beach R-4 zoning. Historic platting and legal description show this as lot 6 and lot 7. Multiple options here- Each lot is 50'x118' and together is 100'x118 of coastal paradise! Either build two single family homes on each prospective lot OR a Triplex for an investor looking to add to their rental portfolio. The home was involved in Hurricane Helene. All flood cuts and dry-outs have been done professionally and has been owner occupied since. A brand new permitted HVAC system is installed and working. This is either perfect for a builder to have two lots in Crystal Beach or a home owner willing to go through the permitting to rebuild this home per county ordinances. Half of the work has been done for the next owner. The backyard is expansive and has a open air carport that can fit a boat AND RV. Crystal Beach is a wonderful Gulfside community with NO HOA and NO DEED RESTRICTION and this home sits on a quiet shell road on Tennesse Ave. Schedule to come see this location and you will see the value! CASH ONLY. All diligence on zoning, permitting and setbacks are to be done prior to submitting an offer please.
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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 | $303,920 | $303,920 | $303,920 |
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 | $145 | $145 | $145 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,971 | $1,946 | $2,524 |
Total Monthly Payment | $2,191 | $2,166 | $2,744 |
* 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.