Low price for real property! This is a great find for anyone who is looking for a project. After rehab, would make a great full-time, seasonal or investment property as renting is allowed with 2-month minimum. The interior is ready to be gutted and remodeled to your tastes. A/C system needs replaced. 2 bed/1 bath home with 880 sq. ft of living space is 1966 vintage, but has had many upgrades through the years. In 2022, new roofover and washer and dryer were installed. Within the past 10 years, the following were upgraded: windows, siding, doors, tankless gas water heater and interior opened to create an open floor plan with large living area. Home was tented for termites in 2022 and had subterranean termite treatment. 190 sq. ft screened lanai to enjoy the outdoors and 12 x 12 foot shed with double doors to easily fit a golf cart. One-car carport. Price includes share for the lot and ownership in the co-op. Location within community is excellent as home is steps away from community boat ramp and is located in the dog section where two dogs up to 35 pounds are welcomed. Community dog park is closeby. Popular Americana Cove is a 55+ waterfront community located only 10 mins from downtown St. Petersburg and mins to popular 4th Street with grocery, restaurants and medical. Monthly maintenance fee is only $360 and includes water/sewer/trash pick-up/lawn mowing/24 hr manned gate/all amenities including heated pool, fitness center, two boat ramps and so much more. Community requires background/credit check with 675+ credit score. Cash only. Proof of funds with contract.
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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 | $34,400 | $34,400 | $34,400 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.375% | 7.125% | 6.125% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.474% | 7.282% | 6.412 |
Monthly Tax Payment | $180 | $180 | $180 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $238 | $232 | $293 |
Total Monthly Payment | $493 | $487 | $548 |
* 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.