REMEDIATED - Flood-Damaged Condo in Boca Ciega Point - As-Is Sale
This spacious 1, 400 sq. ft. 2-bedroom, 2-bathroom condo, located in the highly desirable gated boating community of Boca Ciega Point, is now available as-is for the convenience of the seller. Please note that the condo association is handling all remediation/rebuild for affected units, ensuring each condo is restored to its previous condition. Detailed information regarding the scope of work and timeline will be provided as it becomes available.
Key Details:
* Cash Sale Only: The seller will not entertain offers with inspection periods.
* Community Highlights: Boca Ciega Point is one of Pinellas County's premier 55+ waterfront communities, featuring a vibrant array of activities. Enjoy resort-style living with amenities that include a large pool, tennis courts, pickleball, two clubhouses, a fitness center, shuffleboard, a putting green, and much more.
This is a unique opportunity to purchase a fully remediated unit and add your personal touches. The buyer will assume the open insurance claim with the condo association.
Property Features:
* Villa Style Home: 1, 400 sq. ft. layout with a lanai overlooking a spacious dock. A lift can be installed for about $17, 000.
* Garage & Outdoor Living: Attached single-car garage and a courtyard, dock with water view
Don’t miss your chance to be part of this sought-after community. With its active waterfront lifestyle and an array of facilities being restored, Boca Ciega Point offers a perfect blend of relaxation and recreation.
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Our Executive Mortgage Banker:
Our Insurance Division:
$425,000
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 | $340,000 | $340,000 | $340,000 |
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 | 7.456% | 7.171% | 6.276% |
Monthly Tax Payment | $407 | $407 | $407 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $2,291 | $2,260 | $2,867 |
Total Monthly Payment | $2,773 | $2,742 | $3,349 |
* 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.