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***PRICE REDUCTION*** ***NEW APPRAISAL INFORMATION*** The property is a blank slate and the 1326 sf of interior space has the potential to be a 3 Bed, 2 Bath home once it is redone. Best of all, LOCATION, LOCATION, LOCATION, steps away from the beautiful sands and Gulf water of Indian Rocks Beach. The home was PRIVATELY APPRAISED, and the reappraised value of the structure now allows for a renovation according to the FEMA 50% rule. New roof 2023. Make this property your primary FL home or remodel it for friends and family to enjoy as a beach vacation get away. Either way, this is the ideal location for fun and relaxation! Tons of amenities, including walkable restaurants, shops, community boat launch, parks, nature preserve, dog park, pickle ball courts, tennis courts, little league field, basketball courts, playgrounds, historical museum, city hall, art center, and more. There is nothing not to love about Indian Rocks Beach! It is the buyers and buyer’s agent’s responsibility to check the rules and permitting process for renovation. The appraisal report will be provided to the buyer’s agent upon request. Come see this property today before it's too late!
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Our Executive Mortgage Banker:
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$495,000
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 | $396,000 | $396,000 | $396,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.500% | 6.875% | 5.875% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.058% | 7.063% | 6.152% |
Monthly Tax Payment | $626 | $626 | $626 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $2,503 | $2,601 | $3,315 |
Total Monthly Payment | $3,204 | $3,302 | $4,016 |
* 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.