Under contract-accepting backup offers. Attention Investors and Savvy Owner Occupants: Incredibly rare investor special in one of the most charming neighborhoods in St. Pete. The owner’s relocation offers you the unique opportunity to snatch up your new forever home at an unheard of price in this market. Some TLC required, but no major issues. So what makes this place so special? 1) Lowest price per sq ft in the area. 2) Value-add potential to add 1-2 additional bedrooms by converting part of garage space and/or the Florida room 3) Solar Panels installed in 2019 4) Dedicated laundry room with washer and dryer in place. 5) Expansive . 25 Acre lot with ample storage space and shed. 6) Florida room with large windows and new vinyl flooring. Plumbing and electrical is already there, and sewer line going out the back makes for an easy potential bedroom conversion. 7) Large 1-car garage with workshop and storage space. 8) Large driveway that can house an RV and other toys. The property is in a AE flood zone but had not flooded since 1986 until this year, when the city failed to properly maintain the flood spills and drainage. Had a foot of water in the house, the tear out and treatment is nearly fully complete. Needs a new roof and front porch support repaired, new kitchen cabinets and counters, vanities, and interior doors. Foundation has settling in corner and AC is in working condition but will need to be replaced at some point. Easy to show. No HOA/CDD. Feel free to soft pitch before writing anything up. Ask me anything, big or small. If this is “NOT ON MY MLS, ” please just reach out to listing agent below for disclosures and MLS info sheet. No assignable contracts accepted.
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Our Executive Mortgage Banker:
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$295,000
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 | $236,000 | $236,000 | $236,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.750% | 6.990% | 5.875% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.153% | 7.146% | 6.160% |
Monthly Tax Payment | $81 | $81 | $81 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,531 | $1,569 | $1,976 |
Total Monthly Payment | $1,687 | $1,725 | $2,132 |
* 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.