Priced to Sell - Hard to find any better waterfront property directly on the Manatee River. Watch the sun go down to the west and rise to the east. Opportunity to own directly on Ayers point in the Historic Gem of East Bradenton's Manatee River Neighborhood. The seller has decided to let the new owner decide if they want to tear down or rehab.
No deed restrictions and no HOA. The main home features 2 bedrooms and 2 baths on a corner lot accompanied by a charming cottage that offers endless possibilities—whether you choose to refurbish or start anew.
Key Features:
Main Home: 2-bedroom, 2-bath home
Cottage: Potential to tear down and build to your preference or refurbish for additional space.
Carport: A newer metal carport offering shade and storage for vehicles and toys.
Prime Location: Centrally located in East Bradenton, providing easy access to public transportation, the riverwalk, and downtown amenities.
Investment Potential: The city of Bradenton is actively investing in revitalizing the downtown area, adding immense value to the neighborhood.
Opportunity:
Selling As-Is: The seller has decided to offer this property as-is, allowing the new owner to decide on rehabilitating the existing structures or demolishing them to build according to current flood codes. This approach not only ensures compliance but also helps save on insurance and mitigates future risks of wind or flood damage.
Unmatched River Life: Enjoy the serene river lifestyle on this corner parcel with direct access to waterway adventures, gulf access, waterfront dining, and scenic views and sea life from dolphins to sandhill cranes.
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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 | $440,000 | $440,000 | $440,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 7.125% | 6.250% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.330% | 7.295% | 6.538% |
Monthly Tax Payment | $574 | $574 | $574 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $2,927 | $2,964 | $3,773 |
Total Monthly Payment | $3,593 | $3,630 | $4,439 |
* 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.