This property is located in the Flamingo Cay Subdivision in Bradenton Florida. This community has no through traffic with most of the homes directly on boating canals. Located on a wide section of the canal, two homes from Palma Sola Bay, the wide stretch of water directly on the waterfront allows great maneuverability when docking larger watercraft. Palma Sola Bay allows direct access to the Intracoastal Waterway and then No Fixed Bridges to the Gulf of Mexico giving a wide choice of watercraft styles and sizes for this property. 2. 5 miles to the sugar sand beaches of Anna Maria Island and everything the Island has to offer. Voluntary Homeowners association with $175. 00 a year dues.
This house suffered water intrusion during Hurricane Helene. The house has been inspected by a Licensed Florida Contractor who has done restoration and updating plans with Virtual layouts. This home is ready for you to bring your own ideas, and designs, to fit within the existing footprint of the structure. The home is currently laid out as a 3 bedroom 2 bath with a family room.
This property has not been available for sale since 1993.
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5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $636,000 | $636,000 | $636,000 |
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 | $708 | $708 | $708 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $4,125 | $4,072 | $5,281 |
Total Monthly Payment | $4,925 | $4,872 | $6,081 |
* 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.