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**Back on the market at no fault of seller. Buyer financing fell through** Nestled on a generous . 38-acre lot at 2907 Fifth Street in St. Augustine, this 2, 273 square-foot home presents a unique opportunity for investors, renovators, or buyers looking to build instant equity through completion of an in-progress transformation. Featuring 4 bedrooms, 3 full bathrooms, and a spacious Florida room, the layout offers both flexibility and comfort-with room to bring your final vision to life. Located just off State Road 16, one of St. Augustine’s main growth corridors, this property sits minutes from retail, dining, and historic downtown, while still offering the appeal of a quiet residential setting. The fully fenced and gated yard provides privacy, functionality, and space for outdoor additions such as a pool, RV/boat storage, or expanded living areas. The backyard is entirely fenced, making it ideal for pets and recreation alike. A 2-car garage adds convenience and additional storage or workshop potential for the renovation process. With major renovation already underway, this home is ready for the next phase-offering a blank-canvas chance to customize finishes, fixtures, or even reconfigure spaces to suit your goals. Whether your plans include a resale flip, long-term rental, or personal homestead, this property is primed and positioned for significant upside. Finish the renovation, craft your dream design, and unlock all the potential this St. Augustine property has to offer. Enjoy!
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Our Executive Mortgage Banker:
Our Insurance Division:
$275,000
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 Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
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|---|---|---|---|
| Loan Amount | $220,000 | $220,000 | $220,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.500% | 5.990% | 5.375% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.197% | 6.156% | 5.609% |
| Monthly Tax Payment | $190 | $190 | $190 |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $1,249 | $1,318 | $1,783 |
| Total Monthly Payment | $1,514 | $1,583 | $2,048 |
* 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.