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FLOOD-DAMAGED PROPERTY – OPPORTUNITY AWAITS!
This charming 3-bedroom, 2-bathroom waterfront home is ready for a new owner to restore it to its former beauty. Situated on a spacious waterfront lot, the property features a screened-in swimming pool, large deck, and a peaceful covered patio area, perfect for enjoying the serene surroundings.
The home has been flood-cut and dried out, with estimated repairs falling below FEMA’s 50% repair threshold. Key features include a 5-year-old roof, working air conditioning, and a solid electrical panel. The split-bedroom layout offers privacy, while the open-plan kitchen and living area provide a bright and inviting space. The Florida Room adds additional versatility to the home, and a work from home office space was added to the Master suite.
With direct Gulf access for smaller boats and kayaks, and waterfront restaurants, parks, and shopping within walking or golf carting distance, this property has excellent potential as a family home or short-term rental investment. Don’t miss this chance to create your dream waterfront retreat!
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Our Executive Mortgage Banker:
Our Insurance Division:
$275,000
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 | $220,000 | $220,000 | $220,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.250% | 6.875% | 5.750% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.949% | 7.017% | 6.034% |
Monthly Tax Payment | $280 | $280 | $280 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,355 | $1,445 | $1,827 |
Total Monthly Payment | $1,710 | $1,800 | $2,182 |
* 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.