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Don't miss out on this fantastic opportunity to transform this 3-bedroom, 2-bathroom home into a masterpiece! This property is perfect for investors or savvy buyers who see the potential in a home that’s been neglected but boasts great bones and endless possibilities. Located in the highly coveted Pompano Beach area, this home is ready for the right vision to restore it to its full glory!
The layout of the home is spacious and functional, with a large kitchen that's designed for convenience and ease. The driveway is massive, offering plenty of room for storage, parking, and more—ideal for those who need extra space. With a private, tranquil backyard overlooking a serene water canal and lush greenery, this property offers a peaceful retreat right in your own backyard.
While the home does need TLC and some repairs (including incomplete roof work), the electrical, plumbing, and air conditioning are all in great shape, providing a solid foundation for renovation. Plus, this home sits within the relaxed Lake Island HOA with LOW HOA FEES- offering no restrictive rules which is an absolute bonus for investors or buyers looking for a more flexible living situation.
The seller is motivated and can clean out the home prior to closing, and it’s currently in the process of being cleared. Whether you're looking to customize this space into your perfect starter home or seize a profitable investment in a rapidly appreciating area, this property offers incredible value.
Schedule your showing today and take advantage of this amazing opportunity before it's gone!
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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 | $187,999 | $187,999 | $187,999 |
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 | $76 | $76 | $76 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,173 | $1,235 | $1,561 |
Total Monthly Payment | $1,324 | $1,386 | $1,712 |
* 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. The Total Monthly Payment does not include the estimated HOA/Common Charge payment.