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Welcome to Coastal Cottages – a Beautiful Multifamily Property on the border of Clearwater and Dunedin, Florida - The Two Story Home (1486 SF) is currently being used as Two Units (Unit A and B) Unit A is 3/1 with Kitchenette, Unit B is a 2/1 with a Full Kitchen and Upstairs Loft. These Units can be combined (adjoining inside door) to make one large home/unit as a five-bedroom two bath home. Unit E – (Front left freestanding building) 496 SF is a large one bedroom one bath with full kitchen and two porch areas for dining and relaxing. Unit C (Left Back freestanding building) 208 SF is a one bedroom one bath unit with a kitchenette and private deck and lounge area. Unit T (Tiny home) 128 SF is a trailer that sits at the back of the property with its own private deck and lounge area. Property Features: New Roofs (2023) on all units except Tiny Home (didn’t need as it was new, New Fence (2023) 450 Feet Total Vinyl Privacy Fence – Perimeter with two access points (one going to Front Parking Lot the other to the back Owner Storage (Boat, Vehicle and Trailer), 16 Mature Palm Trees (2023), New Bike Sheds (could be closed if needed) 2024, New Sprinkler System (2024), HVAC: 13 Total Mini Splits (Various ages - 2-4 years old and well maintained), Laundry Room accessed anytime with one Washer Dryer, Nice Paved Parking Lot with 6 Spaces with Overflow Parking in Grass or along front, 1 Covered Golf Cart Space, 5 New Beach Items and Bike Sheds, Amazing Location – at the end of the street – quiet and private, Extra Storage: Boat, Trailer and Owner Vehicle Parking On-Site, Land: Large Property – 1/3 Acre land, 3 lots Zoned Multifamily, Two postal addresses: (1322 and 1318) for extra privacy convenience, Utilities: Two electric meters (Duke), One water meter/line, One gas line, Trash Sewer (City of Clearwater). Storms: Never lost power in any storms – no Hurricane Damage at all, Never Flooded, Location: Very peaceful as it sits at a dead-end street with a wooded area to the west, Fully Furnished - Furniture Fixtures and Equipment Included (Approximately $75K in value), Great Property for Multi-Generational Family. Easy access to downtown Dunedin, walking distance to Toronto Blue Jays Ball Park, and a short drive or bike ride to Clearwater Beach and Honeymoon Island! PLEASE DO NOT DISTURB TENANTS OR ACCESS PROPERTY IN ANY WAY – SECURITY CAMERA’S ARE MONITORING 24/7 AND WILL RECORD ANY UNAUTHORIZED ACTIVITY. Thank you
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Our Executive Mortgage Banker:
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$790,000
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 | $632,000 | $632,000 | $632,000 |
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% | 7.050% | 6.132% |
Monthly Tax Payment | $563 | $563 | $563 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,943 | $4,152 | $5,291 |
Total Monthly Payment | $4,597 | $4,806 | $5,945 |
* 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.