UNIQUE OPPORTUNITY ON LARGE LOT IN SHORE ACRES!
Nestled in the sought-after Shore Acres neighborhood, this 2-bedroom, 2-bathroom block home with a 2-car garage sits on one of the larger lots in the area, offering endless potential for your dream home! Conveniently located just around the corner from LCC Day School, this property is ideal for families looking to settle in a prime location close to top-rated educational opportunities. While the home experienced flooding during Hurricane Helene, it presents a rare chance to create something truly special. Prior to the storm, the property underwent a tasteful renovation featuring high-end upgrades, many of which remain intact and can be salvaged for a buyer looking to preserve the existing structure. From the modern kitchen finishes to updated bathrooms, these features provide a head start for a creative transformation. Whether you envision a complete rebuild to maximize the expansive lot or a thoughtful restoration to make this home your own, the possibilities are vast. The spacious yard provides ample space for landscaping, outdoor living, or even a pool, making it ideal for those who love to entertain or seek privacy. Located just minutes from vibrant downtown St. Petersburg, parks, and waterfront activities, this property combines convenience with unmatched potential in one of the area's most beloved neighborhoods.
Schedule your showing today and imagine the possibilities for your dream home in Shore Acres!
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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 | $204,000 | $204,000 | $204,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.875% | 6.990% | 6.125% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.191% | 7.159% | 6.392% |
Monthly Tax Payment | $485 | $485 | $485 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,340 | $1,356 | $1,735 |
Total Monthly Payment | $1,900 | $1,916 | $2,295 |
* 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.