Incredible potential to either rebuild this grand old Spanish-style residence or take advantage of development possibilities. A rare opportunity awaits with this one-of-a-kind residence in the highly coveted Seminole Estates adjacent to Oakhurst Shores. Surrounded by stunning trees and lush foliage, this vintage home, just under 3, 000 SF, offers immense potential for renovation to create your dream home. With two stories, a three-car garage, sitting on three lots, the possibilities are endless for transforming this property into your private estate. This home sustained NO damage from hurricanes Helene or Milton. Located in the Unincorporated area of Pinellas County, the lot offers incredible potential for development, with dimensions of 173. 9'x160'; and zoned R-3. It may be divided into 3 buildable parcels (subject to buyer verification). Buyers should verify all zoning and permitting details with the Pinellas County Building Department. This home needs some love but stands proudly as a property well worth remodeling. Extremely convenient to all amenities, parks, top-rated schools, Gulf beaches, shopping, dining, and entertainment. Don’t miss this rare opportunity to develop in one of the area’s most desirable locations!
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Our Executive Mortgage Banker:
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$800,000
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 Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $640,000 | $640,000 | $640,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.404% | 7.133% | 6.236% |
Monthly Tax Payment | $436 | $436 | $436 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $4,258 | $4,254 | $5,397 |
Total Monthly Payment | $4,786 | $4,782 | $5,925 |
* 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.