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Rare South Venice opportunity with adjoining vacant lot. This home is situated on an oversized corner parcel across from Shamrock Park and the Legacy Trail. The extra land allows for multiple uses, including a guest house or accessory dwelling unit (ADU) for rental income or family, a workshop or garage, a pool with expanded outdoor living space, parking for boats, recreational vehicles or work vehicles, or simply added privacy. This updated 3-bedroom, 2-bath home is conveniently located with easy access to Venice Island and US-41 and offers the opportunity for private beach access through membership in the South Venice Beach Ferry. The adjoining . 15-acre parcel is estimated to add approximately $50, 000 in value. A circular driveway provides convenient access and additional parking, and flood insurance is not required. Many major updates have been completed. Recent improvements include a remodeled kitchen with granite countertops and appliances, new bedroom flooring, an updated primary bath with a glass walk-in shower, new vanities in both bathrooms, hot water heater, electrical panel, water filtration system, drain field, fencing, and a cleared side lot. The roof, air-conditioning system, water piping, and garage door were previously upgraded. Impact windows and a $12, 000 Generac backup generator provide additional peace of mind. The home has been well maintained and offers comfortable living space. The step-down living room design creates taller ceilings and a distinct gathering space. The layout provides the opportunity to add glass doors opening toward the side yard for access to the adjoining property and expanded outdoor living. A screened porch provides a comfortable place to enjoy the Florida weather while watching visiting birds. Located in a desirable school district, minutes from shopping, restaurants, beaches, and just four miles to downtown Venice Island. The furniture is negotiable, making the property an ideal turnkey winter retreat or Airbnb rental. Owner financing may be available for qualified buyers, offering a rare opportunity in today’s lending environment.
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$385,000
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 | $308,000 | $308,000 | $308,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.875% | 6.375% | 5.490% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.345% | 6.533% | 5.783% |
| Monthly Tax Payment | $237 | $237 | $237 |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $1,822 | $1,922 | $2,515 |
| Total Monthly Payment | $2,134 | $2,234 | $2,827 |
* 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.