**Cash only offers preferred** due to seller preference and condition of the home. Property is located in a No Flood/No Evacuation Zone and experienced zero flooding during the recent storms. Seller will make no repairs. Sold Completely As-Is. No assignable contracts. No wholesalers. No sight unseen offers. No offers will be negotiated or accepted until property has been on the market for 7 calendar days. Highest & Best offer recommended. This property provides endless opportunity for the next owner. Whether you choose to renovate or tear down to build your new vision - you can't go wrong with this investment because of its superior location. Per the City of St. Pete, one Single-Family House and one Accessory Dwelling Unit (ADU) are allowed per parcel in this zoning district. Located in the Historic Kenwood neighborhood, approx. 700feet from Central Ave and just 1mile to Tropicana Field. Multiple new construction homes going for north of 1. 3 million within the neighborhood. You're as close as can be to the exciting downtown atmosphere and it's beautiful scenery. Come take a look for yourself! You'll see why the demand in this neighborhood is so high and the undeniable potential this property has.
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Our Executive Mortgage Banker:
Our Insurance Division:
$310,000
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 | $248,000 | $248,000 | $248,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.990% | 6.250% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.330% | 7.171% | 6.538% |
Monthly Tax Payment | $40 | $40 | $40 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,650 | $1,648 | $2,126 |
Total Monthly Payment | $1,765 | $1,763 | $2,241 |
* 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.