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Under contract-accepting backup offers. Incredible Investment Opportunity! for investors, builders, and developers, this generous 120x60 corner lot is zoned RM1 (2 units), offering endless possibilities. Build your dream home while living in the elevated existing home, or take advantage of the space to construct a duplex. The property is located just one block from the pristine, white sands of Indian Rocks Beach. While the lot previously had two homes, one was removed after storm damage at the seller’s expense, leaving a prime space to develop. The remaining elevated home endured recent storms without issue and is move-in ready. Inside, you'll find an open floor plan with an updated kitchen featuring stainless steel appliances, granite countertops, and a breakfast bar. Step outside to enjoy your morning coffee on the spacious screened-in porch. The large bedroom is bright and airy, and the updated bathroom includes a tub/shower combo with granite counters. Covered parking is available under the carport, with additional parking in the driveway. A convenient laundry closet and extra storage are located in the carport area. The roof was replaced in 2020 for peace of mind. Walk to local shops and restaurants, and easily access the stunning beaches, all while being just a short drive to Tampa, St. Petersburg, and the nearby airports. Plus, enjoy proximity to some of the best golf courses in Pinellas County. The home is being sold furnished, so it’s ready for you to move in or rent out immediately.
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Our Executive Mortgage Banker:
Our Insurance Division:
$885,000
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 | $708,000 | $708,000 | $708,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.125% | 6.500% | 6.375% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.861% | 6.637% | 6.540% |
Monthly Tax Payment | $981 | $981 | $981 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $4,302 | $4,475 | $6,119 |
Total Monthly Payment | $5,375 | $5,548 | $7,192 |
* 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.