**THIS PROPERTY HAS FLOOD DAMAGE FROM HURRICANE HELENE.
This exceptional property is available for cash offers only and is being sold for either lot value or a complete renovation, **It’s offered as-is, with no assignable contracts and no subject-to-contingencies. **
This Home is nestled in a prime location in St. Pete, this home provides the perfect blend of suburban charm and easy access to vibrant Downtown St. Petersburg, making it an ideal setting for families. Currently configured as a 2-bedroom, 1-bath pool home on a desirable corner lot, it presents an excellent opportunity to easily convert it back to a 3-bedroom layout, tailored to your needs. Post-hurricane repairs and clean-up are already complete, providing you with a blank canvas to create your dream space. Step into the backyard, a true tropical oasis complete with a beach-style walk-in pool surrounded by a swaying full landscape, ideal for relaxation and gatherings. This property is priced significantly below its market value based on comparative market analysis, offering a unique opportunity for savvy buyers and investors looking to restore it to its former beauty. Additionally, the lot is perfect for those interested in new construction, allowing you to build a modern single-family home that suits your vision. This is a once-in-a-lifetime investment or redevelopment opportunity. The property. Located in the highly sought-after Shore Acres community, this residence is not just a home—it’s a vibrant lifestyle. Enjoy the convenience of an upscale neighborhood market just a short walk away and experience the ease of golf cart-friendly streets for effortless navigation. The lively community hosts annual events such as festive holiday parades and exciting boat regattas that cultivate a strong sense of belonging. Explore nearby parks and picturesque trails for strolls or scenic bike rides. With the dynamic shops and restaurants of downtown St. Petersburg and the stunning waters of Tampa Bay minutes away, you’ll enjoy the best the area offers. **Seize this incredible opportunity to embrace the beauty and comfort of this remarkable residence. Some photos are from before Hurricane Helene and are for illustrative purposes only. **
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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 | $168,000 | $168,000 | $168,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 7.250% | 6.375% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.330% | 7.386% | 6.623% |
Monthly Tax Payment | $436 | $436 | $436 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,118 | $1,146 | $1,452 |
Total Monthly Payment | $1,629 | $1,657 | $1,963 |
* 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.