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Opportunity Knocks Once! Now available, a 2 bedroom 2 bath 1 car garage home in Tarpon Center Bahama Villas. (AKA Inlet Circle Villas) This 15 home subdivision has been one of the finest HOA's on all of Venice Island for nearly 60 years. The residents here call this the "Little Circle of Paradise. " Located behind The famous Crows Nest Restaurant and an easy stroll to the Jetties and Venice Beach just around the corner. The HOA fees here are super low at only $500 per qtr.
This home has a great open floor plan with almost 1300 sq. ft. of living area and an oversized one car garage. There is a large screened lanai with a view of the common lawn area and neighborhood heated pool. There is also a pass through window from the kitchen to the family room. The current owners have kept this home well maintained for nearly 25 years.
Unfortunately the unusual storms this past year damaged the interior somewhat but the damage was immediately remediated. So the owners are offering this property at land value only and is being sold As-Is. This home is now available to perhaps be restored or start over and build new with a higher elevation. The City of Venice building code (RSF1) will allow up to 35 feet in height. ALSO THIS HOME COMES WITH A FULLY PAID AND TRANSFERABLE 3 YEAR FEMA FLOOD POLICY!
Put this home on your must see list. You will be glad you did.
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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 | $440,000 | $440,000 | $440,000 |
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 | 6.995% | 7.050% | 6.112% |
Monthly Tax Payment | $610 | $610 | $610 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $2,745 | $2,890 | $3,683 |
Total Monthly Payment | $3,447 | $3,592 | $4,385 |
* 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.