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WELCOME TO YOUR NEXT COASTAL RETREAT BY THE BEACH THAT’S PERFECT FOR A PRIMARY RESIDENCE OR SHORT-TERM RENTAL! Seller’s loss is your gain! This 2BR/2BA block home is nestled on the Barrier Island of Redington Beach, just 2 BLOCKS FROM THE PRISTINE GULF BEACHES and less than 3 blocks from the scenic Intracoastal Waterway. This charming beach house had never experienced any flood damage until Hurricane Helene. The house has been mitigated, dried, and sprayed with commercial grade disinfectant. Restore it to your specifications or build a new dream home next to the beach! With its unbeatable location, this residence offers the perfect blend of tranquility and accessibility to the best of beach living. Featuring a rear enclosed porch, and garage, this home combines charm with easy-to-maintain grounds. Take a quick stroll to beach access, Friendship Park, Redington Beach Town Park, and charming nearby restaurants. Whether you're seeking a full-time residence, a part-time getaway, or a lucrative investment property with short-term rental potential, this property checks all the boxes! Don't miss the opportunity to experience the epitome of beach lifestyle– schedule an appointment to see this property today and transform it into your very own beach retreat! *This property has been determined NOT to be substantially damaged, sellers have the letter in hand. * Make the sellers an offer they can’t refuse!
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Our Executive Mortgage Banker:
Our Insurance Division:
$399,900
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 | $319,920 | $319,920 | $319,920 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.375% | 6.875% | 5.750% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.995% | 7.037% | 6.066% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,996 | $2,102 | $2,657 |
Total Monthly Payment | $2,071 | $2,177 | $2,732 |
* 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.