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This exceptional two-story waterfront residence offers 2, 655 heated square feet of living space and presents a unique opportunity for customization. The property was affected by Hurricane Helene, resulting in flooding; however, the drywall has been professionally removed, and the structure thoroughly dried, providing a blank canvas ready for your vision. According to FEMA guidelines, the existing structure can be retained with improvements permitted up to $188, 749 under the 49% rule. Prior to the storm, this home was meticulously maintained by the same owners for over 50 years and featured numerous updates, including two brand-new HVAC systems and a roof installed in 2017. The residence boasts formal living and dining rooms, creating an inviting atmosphere for entertaining. A distinctive circular staircase leads to an expansive loft area, suitable for a home office, playroom, or media room. The recently updated kitchen is equipped with granite countertops and elegant cabinetry, offering a functional space for culinary endeavors. Adjacent to the spacious laundry room is a convenient half bath, enhancing the home's practicality. The grand entrance foyer further adds to the welcoming ambiance. Experience serene waterfront living with a quick boat ride to the open waters of Tampa Bay. The property includes a newer seawall and dock, ideal for boating enthusiasts or peaceful relaxation by the water. An expansive 40-foot lanai provides a picturesque setting for entertaining or enjoying morning coffee while taking in the tranquil water views. Conveniently located near the Howard Frankland Bridge and Carillon Parkway, this home offers easy access to both downtown St. Petersburg, approximately a 20-minute drive, and Tampa. Proximity to shopping centers, fine dining, and local attractions enhances the appeal of this property. This residence represents a rare opportunity to own a waterfront home with significant potential. Whether you choose to restore and personalize the existing structure or undertake a complete rebuild, the possibilities are extensive. Don't miss the chance to make this waterfront property your own. Contact us today to schedule your private tour and explore the exceptional lifestyle this home offers.
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Our Executive Mortgage Banker:
Our Insurance Division:
$850,000
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 Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $680,000 | $680,000 | $680,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.250% | 6.625% | 6.375% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.813% | 6.739% | 6.581% |
Monthly Tax Payment | $297 | $297 | $297 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $4,187 | $4,354 | $5,877 |
Total Monthly Payment | $4,576 | $4,743 | $6,266 |
* 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.