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Centrally located in downtown St. Augustine, this highly visible and historic property is perched on the corner facing one of the busiest streets in town. For over 143 years this property served as the barns and stables for St. Augustine horse and carriage industry. The . 64 acre property with 5 buildings equally over 12, 000 square feet of unique space from office to barn, stables and storage is across from The soon to be completed San Sebastián Hotel / Marina project, future Antique Cigar Factory Boutique Hotel and a block from the Ice Plant Bar and Restaurant, St Augustine Distillery, the San Sebastián Winery and Whetstone Chocolate Factory. Being ln the trolly tour train route and walking traffic create an automatic wealth of activity for multiple uses. This could be the last downtown property available with such size and potential. Be the visionary to revitalise this property and bring it back to life. This property may qualify as an opportunity zone property for tax incentives -http: //www. co. st-johns. fl. us/economicdevelopment/media/OpportunityZones. pdf It is strongly recommended you attend a "Friday Review" DRC meeting. This meeting is your opportunity to have a round table discussion with City officials about your conceptual project ideas and questions.
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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 | $1,760,000 | $1,760,000 | $1,760,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.125% | 6.625% | 6.375% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.861% | 6.727% | 6.560% |
Monthly Tax Payment | $1,123 | $1,123 | $1,123 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $10,694 | $11,269 | $15,211 |
Total Monthly Payment | $11,942 | $12,517 | $16,459 |
* 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.