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*****Substantial Market Price Adjustment**** Ring in the New Year knowing you could soon be the owner “Bungalow Breeze”. You could possibly close and celebrate Valentines Day in paradise. This is an “Old Florida cedar cottage” on a quiet street in Bradenton Beach. The home is turnkey furnished. This is a low maintenance single family home with no HOA. The home was built in 1953. It is a two-bedroom and two-bath home with a heated saltwater pool. It is approximately three hundred steps from soft sand beaches of Anna Maria Island and one hundred steps to the bay. When you enter the home, you are welcomed by a spacious living room, dining area, moveable center island and kitchen that occupy the open bright airy space. The open-concept main room has freshly painted bright walls and soaring vaulted ceilings with exposed beams. The primary bedroom has a large ensuite bath with a walk-in shower added in 2021. A new metal roof along with a full bath and covered patio was installed in 2019. It was designed to accommodate a future 3rd bedroom under the existing roof. The home features an in-house stackable washer and dryer and many other new appliances. The owners upgraded the electrical system when the pool was installed in 2021. All of the work on the home was done with proper permits. There is a large dry metal storage building on the property for all your beach toys. There is also room to park your RV and larger water toys inside the fenced yard. This home has never been a vacation rental, as it was homesteaded as the seller’s primary residence. If you dream of Anna Maria Island as “old Florida”, this is as good as it gets. The home would make a great vacation rental, second home or a primary residence perfect to retire to in paradise. SCHEDULE YOUR SHOWING TODAY. !!!!
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Our Executive Mortgage Banker:
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$949,900
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
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5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
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|---|---|---|---|
| Loan Amount | $759,920 | $759,920 | $759,920 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.625% | 6.000% | 5.875% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.278% | 6.110% | 6.058% |
| Monthly Tax Payment | $789 | $789 | $789 |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $4,375 | $4,556 | $6,361 |
| Total Monthly Payment | $5,256 | $5,437 | $7,242 |
* 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.