Welcome home to your very special Ormond Beachside Cottage located in the highly sought after Seabridge Community along the shores of the Atlantic and just steps to the Intracoastal waterway. This 3 Bedroom, 2 Bath block home was built in 1980 and sits on a massive 22, 322 sf lot (. 51 ac) on a quiet cul de sac. There is a good size 2 car garage with Washer & Dryer hookups and the Metal Roof was installed in 2005. When you return from your daily adventures, take a dip in the in ground fiberglass pool to rinse off. On a rare cool night, throw a log on the brick, wood burning fireplace. Important to note that there is NO HOA! This home has been enjoyed and cherished by the same family since 1996 and it is now time for the new owners to come in and create their own vision.
This is a fabulous location and close knit community with all things Ormond Beach just a few miles away including shopping, medical, restaurants, schools and sporting activities. There is a Publix grocery store just minutes away. Daytona, Flagler and New Smyrna Beaches as well as St. Augustine and Orlando are all nearby with all of the attractions.
The home is in need of a good deal of repair, so perfect for the handy buyer. There are homes approaching $2 Million Dollars in the same neighborhood, so tremendous upside potential. This home is being sold "AS-IS". The home is in Foreclosure and there is a Probate matter that is just about resolved. PLEASE DO NOT BOTHER OR DISTURB THE OCCUPANTS.
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Our Executive Mortgage Banker:
Our Insurance Division:
$439,000
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 | $351,200 | $351,200 | $351,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.375% | 6.875% | 5.875% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.760% | 7.042% | 6.160% |
Monthly Tax Payment | $224 | $224 | $224 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $2,426 | $2,307 | $2,940 |
Total Monthly Payment | $2,725 | $2,606 | $3,239 |
* 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.