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Fantastic opportunity to renovate the place in its current condition or build your dream in paradise on this Boca Ciega Bay 9, 078 sq ft lot on St Pete Beach. THE SELLER RECEIVED A REVISED APPRAISAL THAT WILL ALLOW APPROXIMATELY $285, 000 FOR REPAIRS/IMPROVEMENTS PER THE FEMA 50% RULE. THE OWNERS FLOOD POLICY IS ASSUMABLE. Marvelous open water frontage for those desiring a waterfront lifestyle with an 81-foot seawall (rebuilt 2015), Pebble Tec pool and spa with a paver deck, composite dock, boat lift (quick access to the Gulf of Mexico) and a large circular paver driveway with extra parking spaces. The spacious pool area includes a tiki hut, outside shower & bathroom. This property is currently set up as a triplex with open views of Boca Ciega Bay & downtown St Petersburg rising on the horizon, so the possibilities are endless. One side has a 2-story 3/3 (1, 996 sq ft) w/2-car garage unit. The other side has a downstairs 1/1 (476 sq ft) unit and the 3rd unit is an upstairs studio (308 sq ft). Enjoy the sea breeze flowing through while watching boats sail by & dolphins play from the grand 2nd floor balcony. The first-floor sustained damage from Hurricane Helene and the seller received a under 50% non-substantial damage determination letter from the city of St Pete Beach. The pictures of the property include pictures taken before the hurricane. Don’t miss your chance to live in a very desirable location in this golf cart community and do what you have dreamed of doing. Our top-rated beaches are a short walk away and you'll cherish the convenience of being close to restaurants, shopping, lounges, beach bars, a library, post office, the renovated beach theater, the beach trolley on St Pete Beach and the Sun Runner express bus to downtown St. Petersburg with its unique restaurants, world-class museums and fancy pier. Explore Artsy Gulfport on Boca Ciega Bay or Ft. Desoto Park with its 1, 136 acres of pure bliss. This is your place in paradise!
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Our Executive Mortgage Banker:
Our Insurance Division:
$1,500,000
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
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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 | $1,200,000 | $1,200,000 | $1,200,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.750% | 6.000% | 5.875% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.477% | 6.133% | 6.038% |
| Monthly Tax Payment | $2,283 | $2,283 | $2,283 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $7,003 | $7,195 | $10,045 |
| Total Monthly Payment | $9,411 | $9,603 | $12,453 |
* 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.