Affordable Opportunity in Paradise Bay Estates - Priced to Sell AS IS!
This 2BR/1BA mobile home, located in the sought-after Paradise Bay Estates, offers a unique chance to design and refurbish the interior to your own taste. While the exterior has weathered hurricanes Helene and Milton well, the interior has sustained flood damage, providing the perfect blank canvas for a creative buyer.
Situated on a prime corner lot in this desirable 55+ waterfront community, the home is surrounded by a wealth of amenities, including a sparkling pool, relaxing jacuzzi, clubhouse, bocce ball and shuffleboard courts, and a community boat ramp. Enjoy breathtaking sunsets along Sarasota Bay, where charming gazebos dot the shoreline, offering a peaceful place to relax. Paradise Bay also boasts a variety of activities to keep residents engaged and entertained.
Perfectly located less than 2 miles from beautiful Anna Maria Island, this home offers easy access for walking, biking, or driving to pristine beaches and coastal living. Whether you're looking for a retirement haven or an investment opportunity, this property is priced right to allow you to create the home of your dreams.
Don’t miss this opportunity—affordable living in Paradise Bay Estates awaits!
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Our Executive Mortgage Banker:
Our Insurance Division:
$87,800
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 | $70,240 | $70,240 | $70,240 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.125% | 6.990% | 6.250% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.456% | 7.171% | 6.518% |
Monthly Tax Payment | $161 | $161 | $161 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $473 | $467 | $602 |
Total Monthly Payment | $709 | $703 | $838 |
* 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.