OFFERING IS FOR LAND ONLY AND REMAINS OF HOME, GARAGE AND POOL PICTURES ARE FROM PRIOR TO HURRICANE DAMAGE.
Home needs major repairs or Demo, pool and Garage could remain. Home can be repaired to original state with costs under the 50% rule, Seller has estimate to repair the dock, currently it is unsafe to walk on the dock.
This property has amazing views of the Intercostal, lush landscaping and oak trees, plus deeded Beach Access across the street. Screened Lap Pool can remain if buyer want to rebuild.
If you are looking to rebuild or build new this is a private oasis.
Buyer and Agent to use CAUTION when viewing the property. The dock and lift were recently redecked in 2023, estimates to repair are available. Not damaged from the hurricane is the 40 x 12 lap pool with lights, solar cover and a panorama cage(rebuilt in 2023). The large (. 44 acres) lot is configured so that a new home could be built off the garage and encompass the pool while maintaining and even enhancing the unique views.
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Our Executive Mortgage Banker:
Our Insurance Division:
$885,000
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 Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $708,000 | $708,000 | $708,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.625% | 6.375% | 6.375% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.209% | 6.498% | 6.579% |
Monthly Tax Payment | $1,242 | $1,242 | $1,242 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $4,533 | $4,417 | $6,119 |
Total Monthly Payment | $5,867 | $5,751 | $7,453 |
* 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. The Total Monthly Payment does not include the estimated HOA/Common Charge payment.