This lot has the best of the one thing you cannot change, VIEW. THe view looking directly downtown is stunning. Brightwaters Circle is the closest street to downtown in Snell Isle. Thus, you have unobstructed views of the downtown skyline which provides 24-hour views. Lot is also one of the very few WATERFRONT locations on the BAY in all of St. Petersburg that faces due WEST. Thus, home gets a lot of afternoon sun. Most people looking for stunning sunsets in St. Petersburg need to buy a property on the beach. If VIEW and SUNLIGHT are your top priorities for your new home, then this location fulfills those goals. One of the FOUR Best views in Snell Isle. A property does not become available on The-Island-On-The-Island very often. There are only ten properties on The Island, six of which do not face downtown, and do not face West. Like most small Islands, all properties on Brightwaters Circle are on the water. This property has only changed hands one other time since the sale when home was initially built in 1965. Some of the lots on this street have never changed Families since they were initially purchased back in the 60's. This is the type of location that may entice you to consider placing home into a TRUST so the home may be enjoyed for GENERATIONS. When you see the view, you will better "understand" this statement. Great location for a boater. Dock IS allowed. Seller to allow time for Buyer to obtain dock permit PRIOR to closing which eliminates ANY speculation on IF a dock is allowed. Property is on the Tampa Bay, thus property is in a flood zone that requires flood insurance if you are not paying cash for property.
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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 | $5,575,200 | $5,575,200 | $5,575,200 |
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 | $4,511 | $4,511 | $4,511 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $37,092 | $35,699 | $48,950 |
Total Monthly Payment | $41,728 | $40,335 | $53,586 |
* 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.