552 Dr Martin Luther King Jr STREET S, St. Petersburg, FL, 33701 | $864,000

Under Construction. This unit is currently under construction with completion set for Q3 of 2024. Block Construction all the way up including your neighboring walls! Innovation Townhomes is located just minutes from Tropicana Field, Downtown St. Pete, Grand Central, the Edge District, Warehouse Arts District and the Pinellas Trail, this location gives homeowners easy access to dining, shopping, museums, beaches, the new pier, hospitals, the marinas and so much more. The Da Vinci floorplan features an open floor plan, 4-story, 3 bedroom, 3. 5 bath, 2 car garage and private rooftop terraces. The Da Vinci kitchen features flat panel, soft-close cabinets, upgraded backsplash, gas range and hood, and 3cm quartz countertops with a spacious island. Head up stairs for your primary bedroom and laundry. There is also a guest bedroom on the 3rd level that could be used as an office. The primary suite bathroom features dual vanities a large frameless shower with floor to ceiling tile. On your 4th level, you will find your private rooftop terrace that includes an enclosed wet bar and outdoor stand alone gas grill. Building A will have fenced in front yards, maintained by the HOA. All units include luxury vinyl plank flooring including the bedrooms, impact windows/doors, a dedicated 240V 15 AMP outlet for a car charger, and all are pre-plumbed for a water softener system. The 26 unit community is located in Flood Zone X and are fee simple with a low HOA. Pricing, Appliances and Selections for this home may be subject to change. Buyer to verify all information.

Features

  • Rooms: 4
  • Bedrooms: 3
  • Baths: 3 full / 1 half
  • Laundry: Laundry Closet
  • Year Built: 2024
  • Garage: 2-car
  • Heating: Central, Electric
  • Cooling: Central Air
  • Approx Sq. Feet: 2,105
  • Est. Taxes: $300
  • HOA Fee: $257 Monthly
  • Pet Policy: Breed Restrictions
  • Appliances: Bar Fridge, Dishwasher, Disposal, Electric Water Heater, Microwave, Range, Range Hood
  • MLS#: U8234215
  • Days on Market: 52 days
  • Website: https://www.raveis.com
    /prop/U8234215/552drmartinlutherkingjrstreets_stpetersburg_fl?source=qrflyer
This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this Site comes in part from the IDX Program of MFRMLS (My Florida Regional MLS DBA Stellar MLS). The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. (last updated 10/22/2024 5:32:14 PM)
Listing courtesy of DOUGLAS ELLIMAN   Phone: 727-698-5708

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NMLS Mortgage Loan Originator ID 16953

917.838.7300

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552 Dr Martin Luther King Jr STREET S, St. Petersburg, FL, 33701

$864,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Melissa Cohn

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 Jumbo*
30 Year
Fixed-Rate Jumbo
15 Year
Fixed-Rate Jumbo
Loan Amount $691,200 $691,200 $691,200
Term 360 months 360 months 180 months
Initial Interest Rate** 6.500% 6.500% 6.500%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 7.304% 6.636% 6.684%
Monthly Tax Payment $25 $25 $25
H/O Insurance Payment $92 $92 $92
Initial Principal & Interest Pmt $4,369 $4,369 $6,021
Total Monthly Payment $4,486 $4,486 $6,138

* 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.  The Total Monthly Payment does not include the estimated HOA/Common Charge payment.