Attention investors and builders! Are you searching for a secluded lot with limitless potential? Look no further than this nearly ½ acre property located in the highly desirable Shore Acres neighborhood. This is your chance to renovate a roomy 4-bedroom, 2-bath home with a 2-car garage that was affected by Hurricane Helene, or take advantage of the spacious land to construct a new home while still leaving ample space for a pool, a potential ADU or in-law, and lush green areas. Whether your goal is to renovate or build from the ground up, this property provides exceptional value with abundant room for expansion. The prime location boasts convenient access to the $11 million Shore Acres Recreation Center, which features a pool and gymnasium complete with indoor pickleball courts, alongside numerous programs and camps for teens and adults. You'll also find the new 75, 000 sq ft Speer YMCA, Mangrove Bay Golf Course, highly-rated schools, and the vibrant downtown of St. Pete close by, as well as the 4th St Corridor, brimming with diverse dining options, bars, entertainment spots, and much more. Additionally, this property is conveniently located near I275 for easy commuting to the Gulf of Mexico, the stunning white sands of St. Pete Beach, and Tampa. Don’t miss out on this unique opportunity to embrace the lifestyle you've always desired, enjoying the tranquility of your own haven while having quick access to urban amenities. Schedule your viewing of this incredible property today before it’s gone!
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William Raveis Real Estate
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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 | $379,200 | $379,200 | $379,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 7.000% | 6.125% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.330% | 7.182% | 6.412% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $2,523 | $2,523 | $3,226 |
Total Monthly Payment | $2,598 | $2,598 | $3,301 |
* 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.