HERE'S YOUR CHANCE TO OWN A UNIQUE PROPERTY - Nestled in a prime corner lot along scenic A1A in the beautiful Hammock area of Palm Coast, Florida, with close proximity to the beach, public boat launch and the Intracoastal Waterway, this 2-bedroom, 3-bathroom mid-century modern home offers both coastal charm and a wealth of possibilities for living and future business opportunities.
This custom built 2-story home is thoughtfully designed with a spacious layout that offers flexibility for various living arrangements.
The first floor provides a flexible living space that can easily serve as a home office, den, or additional living room. This floor also includes a full bathroom, adding to the versatility of the space and offering convenience for family or guests.
On the second floor, the kitchen and living areas enjoy abundant natural light and flow seamlessly to create a comfortable, open space perfect for relaxing or entertaining. The fully enclosed patio offers a versatile area that can be used as a sunroom, office, or additional living space, making it a perfect spot to enjoy the Florida sunshine year-round.
Both bedrooms are located on the second floor and feature their own ensuite bathrooms for added privacy and convenience.
An oversized two-car garage, plumbed for a bathroom, is perfect for a workshop or studio.
A fully equipped shed with electricity and plumbing can serve as an in-law suite.
NO HOA or CDD.
The property is ZONED R/C (RESIDENTIAL/COMMERCIAL) and has the option to be subdivided into three parcels, providing great potential for future development and business opportunities.
NEW ROOF (2023), HVAC (2022), WATER HEATER (2024), HURRICANE RESISTANT IMPACT WINDOWS, FRESHLY PAINTED INTERIOR & EXTERIOR.
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Our Executive Mortgage Banker:
Our Insurance Division:
$869,900
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 | $695,920 | $695,920 | $695,920 |
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% | 6.510% | 6.599% |
Monthly Tax Payment | $575 | $575 | $575 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $4,456 | $4,342 | $6,014 |
Total Monthly Payment | $5,122 | $5,008 | $6,680 |
* 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.