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Under contract-accepting backup offers. Charming 1924 Home in Prime Palmetto Park Location – A Rare Opportunity!
Welcome to this classic 4-bedroom, 2-bathroom single-family home nestled in the highly sought-after Palmetto Park neighborhood of St. Petersburg. Built in 1924, this timeless home offers 1, 840 sq. ft. of living space and a total of 2, 240 sq. ft. under roof, sitting on two generous lots. The home boasts a newer roof and features central air and heat, providing both comfort and peace of mind. While the home could use a little TLC, it presents an exceptional opportunity to personalize and make it your own.
Step inside to discover a home filled with character and potential. Featuring two cozy sitting areas and a bright, enclosed porch, there's plenty of space for relaxation and entertaining. The home’s unique charm is evident throughout, offering a perfect canvas for those looking to put their own touch on a historic property.
One of the standout features of this property is its potential for multiple uses. With two lots, there is ample room for expansion, or the possibility of dividing the property for future development or additional income-generating opportunities. The detached garage offers even more potential and could easily be converted into an income-producing property, guest suite, or studio — the choice is yours!
Located just minutes from downtown St. Petersburg, this home puts you within easy reach of vibrant city life, including the famous Pier, restaurants, shops, and cultural attractions. Plus, the home is situated in a non-evacuation zone, providing peace of mind in a prime location.
Don't miss out on the chance to own this gem in a neighborhood that's in high demand. Whether you're looking for a place to call home, a property with future development potential, or a savvy investment, this property offers unmatched possibilities. Act fast – homes like this don’t come around often!
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Our Executive Mortgage Banker:
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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 | $550,000 | $550,000 | $550,000 |
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% | 7.063% | 6.152% |
Monthly Tax Payment | $24 | $24 | $24 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,476 | $3,613 | $4,604 |
Total Monthly Payment | $3,592 | $3,729 | $4,720 |
* 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.