Sandpiper Co-Op Resort is a 55+ community. This 2 bedroom 2 bath unit has made it through the storms and is ready to be put back together. The unit sets on a corner lot and has a lot of room. It does have storm damage as seen in the pictures. The Co-Op share value was just completed after the storm and the share value for this unit came in at 369K, not including the value of the unit.
This unit offers a unique opportunity for the right buyer to restore and personalize a property with great bones on Anna Maria Island. Recently affected by storm damage, the home requires repairs to all the interior along with siding and landscaping, but the layout and location make it a worthwhile investment.
Highlights include being part of the Sandpiper Resort Co-Op community.
This property is being sold as-is, providing an excellent chance to create value and customize to your taste. Whether you're an investor, a fixer-upper enthusiast, or someone seeking a project, this home is full of potential. Contact us for more information or to schedule a showing. "
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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 | $340,000 | $340,000 | $340,000 |
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 | $192 | $192 | $192 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $2,262 | $2,291 | $2,915 |
Total Monthly Payment | $2,529 | $2,558 | $3,182 |
* 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.