Under contract-accepting backup offers. INTRACOASTAL WATERFRONT PROPERTY in INDIAN ROCKS BEACH (IRB). Oh the possibilities!! The property is being sold AS-IS and will need updates, but offers great bones to work with the existing structure (block construction, metal roof 2016, windows and doors 2018), or…an opportunity to tear down and build your dream slice of paradise. The lot is 50x116. South facing backyard (winter sun) with 50 feet of water frontage (updated sea wall 2018) overlooking a quiet, protected, basin alcove with quick access to the Intracoastal Channel and Gulf of Mexico beyond. Existing composite dock (with electric) and a built in seating area…perfect for afternoon relaxation. IRB is an outstanding, friendly and highly desirable beach community for full-time or seasonal residents and visitors alike. There are no minimum rental restrictions which gives you flexible occupancy / income options. Golf cart friendly, w/multiple parks, including a waterfront nature park, playgrounds, active pickleball community, tennis and basketball courts, resident reserved beach parking, town hall, art center and library, plus outstanding restaurants, local shops and of course the most fabulous beach sunsets…all just a short jaunt, ride or roll from the property. View the 3D Tour link for an immediate and true showing experience or schedule your onsite visit today.
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Our Executive Mortgage Banker:
Our Insurance Division:
$899,000
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 Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $719,200 | $719,200 | $719,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.250% | 6.875% | 6.875% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.877% | 6.977% | 7.041% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $4,906 | $4,725 | $6,414 |
Total Monthly Payment | $4,998 | $4,817 | $6,506 |
* 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.