|
PRICE REDUCED – NOW JUST $74, 900!
Furnished 2-Bed / 2-Bath Home in Fair Lane Acres 55+ Community – Bradenton, FL
MLS# N6136184 | 611 50th Avenue Dr W, Bradenton, FL 34207
Discover unbeatable value in this furnished 2-bedroom, 2-bath manufactured home located in the desirable 55+ Fair Lane Acres community in West Bradenton. Recently price reduced to only $74, 900, this property offers an exceptional opportunity for snowbirds, downsizers, or investors seeking affordable Florida living with low HOA fees and a prime location.
Property Highlights:
Price: $74, 900 (Furnished!)
Bedrooms/Bathrooms: 2 Beds / 2 Baths
Living Area: 576 Sq. Ft.
Year Built: 1968 | Solid Pre-1976 Construction
Lot Size: 0. 06 Acres (Owned Land – No Lot Rent!)
Covered Carport: Fits 2 Vehicles
Screened Lanai: Perfect for Relaxing or Entertaining
Roof: Newer – Excellent Condition
Pets: Cats & Dogs Welcome
Value & Investment Potential:
This cozy home features a great layout with open living areas, a functional kitchen, and a spacious screened-in lanai. With strong structural integrity and low monthly fees ($131/month HOA), this property is perfect for seasonal living, full-time residence, or as a renovation investment to build instant equity.
Community Amenities – Fair Lane Acres 55+:
Heated community pool
Shuffleboard & pickleball courts
Active social calendar with community events
Pet-friendly environment
Lawn care included in HOA
Optional activities and clubs for active adults
Prime Location – Close to Everything:
Nestled in the heart of West Bradenton, Fair Lane Acres offers a peaceful setting minutes from shopping, dining, medical centers, and beaches.
5 min to SR-70 & US-301
10 min to Sarasota-Bradenton International Airport (SRQ)
15 min to the white sands of Anna Maria Island and Bradenton Beach
Nearby restaurants, golf courses, and parks
Ownership & Fees:
Ownership: Fee Simple (Land Included)
HOA: $131/month (includes lawn care)
Annual Fees: $3, 144
Taxes (2023): $839
Flood Zone: AE
Schedule Your Showing Today!
Don’t miss this chance to own a piece of paradise in one of Bradenton’s most affordable and active 55+ communities. Whether you’re escaping the cold or downsizing into easy Florida living, this home won’t last at just $74, 900!
Cash or Conventional Offers Only. Sold AS-IS.
Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
Our family of companies offer our clients a new level of full-service real estate. We shall:
To learn more about our credentials, visit raveis.com today.
Our Executive Mortgage Banker:
Our Insurance Division:
$74,900
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 | $59,920 | $59,920 | $59,920 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.500% | 6.125% | 5.375% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.285% | 6.280% | 5.609% |
| Monthly Tax Payment | $70 | $70 | $70 |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $340 | $364 | $486 |
| Total Monthly Payment | $485 | $509 | $631 |
* 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.