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Presented by
Jennifer Noto |
This 1930s Key West cottage on a prime corner lot in West Palm Beach's SoSo neighborhood offers exceptional investment potential and flexibility for development thanks to its MF-20 zoning. Sitting on a 4, 191 SF lot with architectural plans available upon request for a striking 3-story modern residence totaling 3, 383 SF, and no HOA restrictions. Located on Nottingham Blvd steps from Flagler Dr and the Intracoastal, this corner lot sits in one of Palm Beach County's fastest-appreciating neighborhoods. Over three active luxury construction projects surround the property as SoSo transforms into West Palm's premier residential district. Whether renovating the charming existing structure or building new, this offering provides immediate value creation. Top-rated South Olive Elementary, walkable Intracoastal access, and vibrant Dixie corridor dining. Complete surveys attached. Positioned for strong appreciation in West Palm's hottest market.
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Our Executive Mortgage Banker:
Our Insurance Division:
$1,300,000
Licensed Real Estate Salesperson
William Raveis Real Estate
Phone: 914.967.1333
Jennifer.Noto@raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 302.293.7433
Brian.Shahwan@raveis.com
NMLS Mortgage Loan Originator ID 2166562
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5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
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| Loan Amount | $1,040,000 | $1,040,000 | $1,040,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.250% | 5.750% | 5.500% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.046% | 5.846% | 5.700% |
| Monthly Tax Payment | $1,431 | $1,431 | $1,431 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $5,743 | $6,069 | $8,498 |
| Total Monthly Payment | $7,299 | $7,625 | $10,054 |
* 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.