Beautifully renovated L-shape STUDIO, perfectly positioned within the 12. 8-acre Baypointe Preserve, with a prime location on 4th St N with easy access to I-275, connecting you to Tampa, Downtown St. Pete, local beaches, Tampa International Airport, and numerous shopping destinations in minutes. The studio features a 2023 A/C unit, a recently updated kitchen and bathroom, boasting granite countertops and luxury vinyl plank flooring, adding a touch of elegance to your daily living. Storage is plentiful, thanks to a spacious walk-in closet. Situated on the third floor, the unit opens up to a screened-in balcony, presenting unparalleled views of the lush Preserve, allowing you to enjoy nature's tranquility right from your home. Baypointe Preserve stands out with its resort-style gated community, offering a host of amenities including a tropical pool with spa, sun decks, a fitness center, outdoor grills, dog parks, covered bike racks, and a car wash area. Plus, with water, sewer, and trash services included, the $262 monthly HOA fee is remarkably affordable. This condo is not only an ideal home but also presents a lucrative investment opportunity. Currently rented with a CAP rate of 8%, it generates steady income, ensuring immediate returns on your investment. For investors, this property represents a unique cash-only opportunity. Meanwhile, those looking to make it their home can be referred to a Licensed Mortgage Originator, who has experience financing properties within Baypointe Preserve, with options starting at 20% down. All property inspections and viewings are by appointment only. Do not disturb occupants.
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Our Executive Mortgage Banker:
Our Insurance Division:
$135,000
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 | $108,000 | $108,000 | $108,000 |
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 | $117 | $117 | $117 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $737 | $718 | $911 |
Total Monthly Payment | $929 | $910 | $1,103 |
* 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.