Nestled just a few blocks from the serene blue waters of Old Tampa Bay, this 3-bedroom, 2-bathroom block construction home presents a unique opportunity for investors or visionary homeowners. Priced at land value, this property is ideal for a complete renovation or redevelopment into the home of your dreams. While the property sustained flood damage from Hurricane Helene, the AC system remains in working condition, and hurricane impact windows are already in place. The split-bedroom floorplan offers versatility, and the oversized fenced backyard holds endless potential—imagine creating your own outdoor oasis. Location is key, and Shore Acres delivers! Just blocks from the Shore Acres Recreation Center, enjoy access to a six-lane pool, a toddler-friendly wading pool, a covered playground, and a variety of programs for all ages. A quick drive takes you to vibrant downtown St. Petersburg, where you can explore Vinoy Park, The Pier, museums, and an array of top-tier dining options. Grocery shopping is a breeze with Trader Joe’s, Whole Foods, and Fresh Market minutes away, and the Gulf Beaches are a short 20-30 minute drive for a perfect weekend escape. Outdoor enthusiasts will love nearby Denver Park, which offers basketball and tennis courts, a softball field, and natural wilderness areas. With quick access to I-275, commuting is a breeze, whether you're heading downtown or exploring the greater Tampa Bay area. This property is sold as-is, CASH only, and represents a rare chance to secure a piece of coveted Shore Acres at an affordable price. Whether you're envisioning a complete renovation or starting fresh with new construction, the possibilities are endless in this coastal community. Don’t miss out—schedule your showing today!
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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 | $212,000 | $212,000 | $212,000 |
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 | $412 | $412 | $412 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,410 | $1,428 | $1,818 |
Total Monthly Payment | $1,897 | $1,915 | $2,305 |
* 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.