Amazing opportunity in Gulfport. Priced to sell. Property flooded during hurricane and being sold for land value. Per FEMA, state and local guidelines, this property must be remodeled up to code (built up) or torn down for a new build. Prime location just a few steps to: Gulfport Beach, Mariner's Cove Marina, Veterans' Park, Gulfport Rec Center, and all the amazing shops, waterfront bars, and restaurants on Beach and Shore Blvd, including Stormrunners Tavern, O'Maddey's, Pia's, Stella's, Gulfperk Coffee, and lots more. Enjoy all the local markets and festivals, gorgeous sunrise and sunset water views, and fun friendly atmosphere this adorable beach town offers right at your fingertips. outside your front door. Private back alley access, and 10/10 walkability. This is the perfect spot to create your dream beach home or investment property. Don't miss out on this exceptional opportunity to own a piece of Gulfport's coveted waterfront community!
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Our Executive Mortgage Banker:
Our Insurance Division:
$285,000
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 | $228,000 | $228,000 | $228,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.125% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.443% | 7.133% | 6.256% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,536 | $1,515 | $1,923 |
Total Monthly Payment | $1,611 | $1,590 | $1,998 |
* 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.