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5381 N Oceanshore Blvd, Palm Coast, FL, 32137 | $775,999
Zoned Residential/limited commercial in a prime location adjacent to the Publix shopping center in the heart of the Hammock. The interior is in need of some cosmetic TLC but a new roof was installed December 2022. The lot is 280' deep and has direct frontage on Oceanshore Boulevard. The owner previously received a Special Exception for an Art Gallery on the first floor with a residence on the second floor. In the conditions for the approval of the Special Exception, development must be in compliance with the submitted site plan. The site plan is attached in docs. Connection to N. Oceanshore Boulevard will have to be reviewed by the Florida Department of Transportation, District 5, and there would be a permit required for Change of Occupancy that would convert the 1st floor to the Art Gallery. This submittal would be supported by signed/sealed plans by an Architect/Engineer. There are no similar uses that would be allowed, if a client wanted to do something different than the Art Gallery, they would have to submit for a Special Exception that meets the minimum requirements of the R/C (Residential/limited commercial) District. The only permitted principal use in the R/C District is a single-family dwelling. Zoning uses more fully described below. Highlight link then click - https: //library. municode. com/fl/flagler_county/codes/code_of_ordinances?nodeId=FLCOCOOR_APXCLADECO_ARTIIIZODIRE_3. 03. 00USOTREDI_3. 03. 13RESLICOUSDI Property being sold "As Is" Seller has not occupied the property in the past five years.
Features
- Bedrooms: 3
- Baths: 2 full
- Lot Size: 14000
- Style: 2 Story,Single Family Home
- Year Built: 1987
- Heating: Central,Electric
- Cooling: Central
- Approx Sq. Feet: 2,304
- Acreage: 0.32
- Lot Size: 14000
- Est. Taxes: $2,022
- Lot Desc: East of A1A
- MLS#: 228910
- Days on Market: 546 days
- Website: https://www.raveis.com
/prop/228910/5381noceanshoreblvd_palmcoast_fl?source=qrflyer
Listing courtesy of One Sotheby's International Realty
William Raveis Family of Services
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888.699.8876
Contact@raveis.com
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Melissa CohnRVP, Mortgage Banker, William Raveis Mortgage, LLC
NMLS Mortgage Loan Originator ID 16953
917.838.7300
Melissa.Cohn@raveis.com
Our Executive Mortgage Banker:
- Is available to meet with you in our office, your home or office, evenings or weekends
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Robert ReadeRegional SVP Insurance Sales, William Raveis Insurance
860.690.5052
Robert.Reade@raveis.com
Our Insurance Division:
- Will Provide a home insurance quote within 24 hours
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Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable
5381 N Oceanshore Blvd, Palm Coast, FL, 32137
$775,999
Customer Service
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
Melissa Cohn
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 | $620,799 | $620,799 | $620,799 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 7.250% | 6.990% | 6.000% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 7.945% | 7.159% | 6.286% |
| Monthly Tax Payment | $169 | $169 | $169 |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $4,235 | $4,126 | $5,239 |
| Total Monthly Payment | $4,495 | $4,386 | $5,499 |
* 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.
William Raveis Mortgage, LLC, NMLS ID 2630, 7 Trap Falls Road, Shelton, CT 06484
FL Mortgage Lender MLD1388