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Gorgeous Waterfront Home located on the Madeira Beach intracoastal. Walking distance to the beach. Photos show the home prior to flooding that affected miles of the beach area in September 2024. Since then, the home has been remediated by a professional company. The owner has received a new ACV Appraisal and the City has approved the home to (NOT Substantially Damaged) and that makes a wonderful opportunity for a new owner to restore this home. This is an attractive price. You may decide to raise the current home, restore the current home or build a new one on this waterfront lot. At this price you have many options. Enjoy sailboat deep water and beautiful views from your back yard and resort style patio. New dock and boat lift in 2021. Jump in from your dock and take a swim -feel like a kid again. A boater's dream with easy access to the Gulf of Mexico/America. Minutes boat ride to John’s Pass and to the open Gulf waters. Kayak and paddlleboard for fitness. Bicycle or walk to local restaurants and the famous John’s Pass Village. These Madeira Beach waterfront properties are sought after. This MADEIRA BEACH neighborhood comes with a relaxed feel. Live your life observing and appreciating so much of God’s beauty. . Swim with the dolphins, watch and listen to the birds, go for a jog in the gentle breeze, walk your dog and meet other friendly neighbors. Dock your kayak at one of the waterfront cafes/dining spots. Jetski and parasail! The home has 3 bedrooms and three bathrooms with an oversized garage. Lots of sq footage and an open floor plan. New windows approx 2022. Fully fenced yard. New fence May 2022. Sunrise to Sunset- so many blessings. The current owners took terrific care of this home.
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Our Executive Mortgage Banker:
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$700,000
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 | $560,000 | $560,000 | $560,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.375% | 6.875% | 5.875% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.007% | 7.037% | 6.152% |
Monthly Tax Payment | $854 | $854 | $854 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,494 | $3,679 | $4,688 |
Total Monthly Payment | $4,440 | $4,625 | $5,634 |
* 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.