REDUCED $455, 000! This beautiful two-story home on Boca Ciega Bay suffered flood damage (1st floor only) from Hurricanes Helene & Milton. The home has been professionally remediated and drywall has been removed. The 2nd story suffered no damage & is still in pristine condition. This could be a great opportunity for someone who always wanted to live on the water. The first floor is a blank slate for your vision/remodeling. This home was remodeled in 2007 and the owners still have the blueprints for the kitchen area. The photo gallery consists of pictures of the entire 2nd floor in its excellent condition. The gallery also shows photos of the 1st floor in both its original & its current (flood-damaged) condition. The 1st floor is ready for the new owner's decor & creativity. As you enter the double-leaded decorative glass doors in the foyer of this home, you will be surrounded by natural light & a 20-ft ceiling with a clear view thru the main living space to an expansive picture-perfect Boca Ciega Bay. This 2, 870 heated sf home boasts 4 bedrooms & 3 bathrooms along w/2 single car garages. The main floor encompasses a spacious kitchen area w/room for lots of cabinets, SS appliances, a wine refrigerator, and a dinette table to enjoy your morning coffee. The porcelain tile flooring on the 1st floor has remained intact and in good condition. The LR had a custom-made fireplace w/stone tile. Continuing thru the LR you will find a formal Dining area surrounded by a wall of windows filled w/natural light overlooking the Bay. The windows & doors in this home are all hurricane impact-rated. Adjacent to the LR will be a Guest BR with a Guest Bath w/sliders to the outdoor patio. Between the kitchen & the Guest BR is a separate Laundry Rm with a utility sink and room for an add'l refrigerator, laundry rack or more. Across the LR on the other side is another Guest BR that was being used as an Artist Studio. An additional full bathroom is also located in this area. Most importantly, there was an awesome elevator w/custom wood design to take you to the 2nd floor. This elevator is in the process of being repaired. Follow me to the gorgeous Brazilian Cherry Wood staircase w/the decorative wrought-iron stair rail leading to the 2nd story which has no damage. Notice the beautiful light fixture attached to the 20-ft ceiling. As you reach the top of the staircase, immediately to your right is the elevator. Across from the elevator is another bedroom, currently being used as a Library & Office. Walk thru the double doors to the Master Bedroom & enjoy leisurely evenings warmed by the fireplace. The en-suite Bathroom is huge & luxurious and has a garden tub, a large separate shower, 2 decorative vanities & its own private toilet area. Adjacent to the bathroom is a large walk-in closet. The flooring on the second level of this home is Brazilian Cherry Wood throughout. You will be amazed at the size of the Master BR as it will surely accommodate your kind size bed, w/multiple dressers and a chest and 2 easy chairs and more. Pour yourself a glass of wine and relax on the open Balcony attached to the MBR overlooking the Bay. There is a composite wood dock (Trek) w/electricity, water, cleaning table and a 9000 lb. boat lift/davit for your enjoyable boat trips. This home is also handicap-accessible. Quotes prepared for the owners to repair/remodel range from $150, 000 to $200, 000 max. Call me with any questions and for a personal tour.
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NMLS Mortgage Loan Originator ID 16953
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $1,196,000 | $1,196,000 | $1,196,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.625% | 6.625% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.200% | 6.748% | 6.786% |
Monthly Tax Payment | $586 | $586 | $586 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $7,957 | $7,658 | $10,501 |
Total Monthly Payment | $8,668 | $8,369 | $11,212 |
* 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.