Looking for a DEAL! Here’s your chance to have INSTANT Equity for your time & efforts. This home was under contract just before the hurricane for $560K and Now we are priced at $399K!! We are priced to make it worth YOUR TIME & EFFORTS to purchase this FANTASTIC home & Lot OR at this Price, tear down and build your dream home, we are priced way below land value!
This home has GREAT Curb Appeal and is tucked in the back of the neighborhood with Multi-Million Dollar WaterFront homes. It’s an ALL BLOCK home, Beautiful paver driveway, 2 bedroom, 1. 5 Baths, Hurricane Windows and gorgeous Terrazzo Floors which are still in great shape! When building back to Pre-Hurricane condition, ADD a shower to the 1/2 bath which will add more value. The Backyard is Gorgeous and has Plenty of room for a POOL- which will add more value OR simply build back and enjoy! Owners received a NON- Substantial damaged letter. The value allocation to the structure would allow repairs/improvements not to exceed $85, 076 based on the "50% Rule”. Quotes on similar properties are much lower than $85K to put back pre-hurricane condition. The HVAC is 8yrs old & the roof is 10years. The backyard faces the west so you will see those gorgeous sunset skies Florida is famous for!
The property has been remediated, with all drywall & cabinets removed. This property experienced flood damage from Hurricane Helene and is being sold AS-IS. All information is believed to be accurate. Buyers are encouraged to verify all information. FEMA letter, Non-substantial letter & ServPro invoice are all available for you.
This fabulous neighborhood features deeded beach access with parking directly across from the beach, a playground and has 3 parks, one on the water with a boat dock & paddle-board/ kayak launch. It’s an easy walk or bike ride to the beach, restaurants, shopping, and all the amazing activities St Pete beach offers. Don’t miss out and let’s rebuild SPB together! **Photos are of before hurricane damage and after remediated drywall & cabinets.
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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 | $319,200 | $319,200 | $319,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.750% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.153% | 7.159% | 6.276% |
Monthly Tax Payment | $768 | $768 | $768 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $2,070 | $2,122 | $2,692 |
Total Monthly Payment | $2,913 | $2,965 | $3,535 |
* 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.