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Under contract-accepting backup offers. PRICE IMPROVEMENT!! WATERFRONT OPPORTUNITY OFFERED FOR LESS THAN LAND VALUE!! This 3-bedroom, 2-bath solid block, pool home is situated on an oversized waterfront lot in the Shore Acres neighborhood of St. Petersburg. The home experienced flooding during Hurricane Helene however remediation has been completed and it’s now ready to renovate, refresh or rebuild. The interior has a very spacious and inviting layout with a split floor plan and excellent water views from almost every room in the house. The home features an impressive outdoor entertaining space along with a newer seawall, composite dock and boat lift with direct water frontage on Butterfly Lake and boating access out to Tampa Bay. The patio deck is brand new, and the crystal-clear swimming pool has been recently resurfaced and meticulously maintained. Enjoy the heated spa or unwind in the covered outdoor seating area. Lots of upgrades like impact rated sliders and recessed lighting throughout the home as well as a Generac whole-house generator with two large propane tanks. This property offers ample parking with a two-car garage and a large circular driveway, all surrounded by lush mature palms and tropical landscaping on a generous quarter-acre lot. Centrally located just minutes from Downtown St. Petersburg and the iconic St. Pete Pier, this home also offers easy access to the pristine Gulf Beaches and Tampa International Airport. The FEMA 50% Rule values the structure at $330, 938 and the land at $651, 175 allowing for up to $162, 159 in repairs without requiring a new appraisal or appeal. The FEMA letter is attached in the MLS. The home is being sold as-is and no additional repairs will be made. Cash only!
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Our Executive Mortgage Banker:
Our Insurance Division:
$526,000
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 | $420,800 | $420,800 | $420,800 |
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% | 7.025% | 6.132% |
Monthly Tax Payment | $787 | $787 | $787 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $2,660 | $2,764 | $3,523 |
Total Monthly Payment | $3,539 | $3,643 | $4,402 |
* 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.