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MAJOR PRICE REDUCTION! THIS IS THE BEST PRICED RENOVATED UNIT IN THE SANDPIPER RESORT! Sandpiper is a 55+ coop community offering a prime location in the heart of Florida's famous and exclusive Anna Maria Island (AMI) at a very affordable cost. Enjoy as a great primary or 2nd residence and/or as a vacation rental that is always in demand. This upgraded and completely renovated move-in ready unit offered by a motivated seller has a roof over and is nestled between units on three sides for increased wind protection and has just completed a full $25k+ post storm renovation by a local contractor (and listing agent) with all brand new equipment and appliances. This unit is unique as it has some core structural upgrades not found in other Sandpiper units. Full post storm renovation included city inspected complete electrical rewiring/breaker panel/outlets, new Daikin 12, 000 BTU Mini-split A/C Heat Pump system, water heater, walls/trim/insulation, interior doors, Kenmore fridge, built in dishwasher, slim microwave, stovetop, dehumidifier, GE bedroom A/C. A previous $35k+ renovation in 2022 included replacing old RV honeycomb subfloor with a custom built home-grade subfloor (2x10 pressure treated joists strapped to 4x4 posts cemented & anchored, 3/4 plywood, Floor and Decor Optimax™ commercial grade waterproof luxury vinyl, vapor barrier wrapping), renovated kitchen with Marble countertops, renovated Bathroom with Floor and Decor marble top vanity/fixtures, new American Standard toilet, renovated shower, new closet doors and slides, outdoor ceiling fan, unit and shed repainted painted with Sherman Williams paint, 3M™ Safety & Security Window Film ballistic impact/UV protection recently added on all windows (2024). Full share with unit (appraised at $315k), structure appraised at $78k. Prepaid FEMA Flood Policy on unit good to 11/27.
Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
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Our Executive Mortgage Banker:
Our Insurance Division:
$229,900
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 Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
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|---|---|---|---|
| Loan Amount | $183,920 | $183,920 | $183,920 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.750% | 6.125% | 5.250% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.307% | 6.292% | 5.561% |
| Monthly Tax Payment | $162 | $162 | $162 |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $1,073 | $1,118 | $1,478 |
| Total Monthly Payment | $1,310 | $1,355 | $1,715 |
* 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.