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Unique property! If you are looking for an original Florida Bungalow, this is an amazing opportunity! All the original charm, moldings and built-ins remain intact. Potential for three rental incomes. This unusual property has a basement with an additional bedroom, bathroom, den and walk-in closet along with a huge storage space. The property is graced by lovely foliage and fruit trees, a picnic shelter with a brick barbecue and a metal roof that was built a century ago! Pavered patio makes this a great place for family gatherings. A second adjoined lot on the back of the property that is perfect for a garden or building townhomes and cashing in on the profits estimated at $1. 2M after a generous allowance for construction costs. This property has an EV charging station, a separate covered carport, and a detached garage with an income-producing furnished studio apartment on the second floor. A workshop in the single car garage adds to the utilitarian features. Appliances are 3 years old and top of the line. Propane range and clothes dryer. Also a garden window in the kitchen. Ceiling fans in all rooms with picture holdings that have hooks and cables so walls are unmarred. Built-in bookcasees and china cabinet add to the 20's charm. Solar makes the electric bills next to nothing - literally $25-35/month! Full house water filtration. A/C is three years old and includes healthy UV air system. Plumbing, electrical, metal roof are all less than 10 years old ensuring many years of worry-free living just 4 miles to downtown Tampa! New decorator paint inside and out, new front porch decking, new carport metal roof too. Termite tented in 2022. Mature trees create a very private environment. Quiet neighborhood just blocks to Seminole Heights stores and restaurants. One block to the bus stop as well. Easy access to I-275.
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Our Executive Mortgage Banker:
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$689,900
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 | $551,920 | $551,920 | $551,920 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.375% | 5.990% | 5.125% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.137% | 6.132% | 5.396% |
| Monthly Tax Payment | $270 | $270 | $270 |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $3,091 | $3,305 | $4,401 |
| Total Monthly Payment | $3,453 | $3,667 | $4,763 |
* 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.