11621 SW 7th Ter, Sweetwater, FL, 33174 | $839,900

BACK ON THE MARKET DUE TO BUYER FINANCING! NOW PRICED BELOW APPRAISED VALUE! A rare opportunity to own an income-producing duplex within walking distance to FIU, shops, restaurants, near expressways. Situated on a dead-end street, this unique, owner-built property sits on an oversized lot, bordered by a canal on one side and a linear park with a second canal directly across the street.
Unit 11621 is a turnkey 3-bedroom, 2-bath home featuring fresh paint, tile flooring throughout, and in-unit laundry. Unit 11623 is a well-maintained 3-bedroom, 1-bath with a granite kitchen, a den that can serve as a fourth bedroom, in-unit laundry. The lease for the tenants in unit 11623 will end on 2/28/26 then they will be on a month-to-month lease. Each unit is separated by a CBS wall for added privacy. Recent updates include a new roof 12/2022, new A/C units for both sides 5/2023 and 8/2023. Washer/dryer and above ground pool on 11623 side belong to tenants and are not included in the sale. PLEASE DO NOT DISTURB TENANTS IN UNIT 11623.

Features

  • Year Built: 1977
  • Heating: Central,Electric
  • Cooling: Central Air,Ceiling Fan(s),Wall/Window Unit(s)
  • Approx Sq. Feet: 2,530
  • Est. Taxes: $13,003
  • Lot Desc: Corner Lot,< 1/4 Acre
  • Water Front: Yes
  • MLS#: A11883924
  • Days on Market: 94 days
  • Website: https://www.raveis.com
    /prop/A11883924/11621sw7thter_sweetwater_fl?source=qrflyer
This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this Site comes in part from the IDX Program of MIAMI Association of REALTORS. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

William Raveis Family of Services

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Slayter & SlayterSales Associates

781.361.5133

Slayter.Slayter@raveis.com

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Michael CartierVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 1017266

508.335.8179

Michael.Cartier@raveis.com

Our Executive Mortgage Banker:

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978-337-3053

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Our Insurance Division:

  • Will Provide a home insurance quote within 24 hours
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11621 SW 7th Ter, Sweetwater, FL, 33174

$839,900

Slayter & Slayter

Sales Associates

William Raveis Real Estate

Phone: 781.361.5133

Slayter.Slayter@raveis.com

Michael Cartier

VP, Mortgage Banker

William Raveis Mortgage, LLC

Phone: 508.335.8179

Michael.Cartier@raveis.com

NMLS Mortgage Loan Originator ID 1017266

5/6 (30 Yr)
Adjustable Rate Jumbo*
30 Year
Fixed-Rate Jumbo
15 Year
Fixed-Rate Jumbo
Loan Amount $671,920 $671,920 $671,920
Term 360 months 360 months 180 months
Initial Interest Rate** 5.500% 5.875% 5.750%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 6.241% 6.007% 5.952%
Monthly Tax Payment $1,084 $1,084 $1,084
H/O Insurance Payment $92 $92 $92
Initial Principal & Interest Pmt $3,815 $3,975 $5,580
Total Monthly Payment $4,991 $5,151 $6,756

* 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.