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Welcome to 7997 SW 76 Avenue, a truly rare offering in the heart of Glenvar Heights. Set on an expansive 38, 768 sq ft corner lot, just shy of an acre, this is a unique opportunity for a developer or end user to secure a property that not only offers scale and presence, but also produces approximately $180, 000 annually in gross income. Excellent location just minutes to South Miami, Coral Gables, and Pinecrest, with quick access to top schools, everyday conveniences, top dining, Dadeland Mall, and the University of Miami. Connectivity is seamless with close proximity to US 1 and the Palmetto, making this a highly desirable pocket for both end users and investors.
The existing residence spans over 5, 100 sq ft with 6 bedrooms and 4 bathrooms, featuring soaring 20-foot ceilings and an abundance of natural light throughout. The layout is open and functional with tile flooring, recessed lighting, a fireplace, and Coral Rock accents that add warmth and character. The kitchen is well-positioned with a large island, granite countertops, wood cabinetry, and stainless steel appliances, opening seamlessly to the main living areas. A versatile loft adds flexibility for additional living or workspace. The property also features a roof completed in 2018 and impact windows installed in 2021, offering added value and peace of mind. Great opportunity to renovate or redevelop. FIRST TWO PHOTOS ARE VIRTUAL CONCEPT OF RENOVATION
Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
Our family of companies offer our clients a new level of full-service real estate. We shall:
To learn more about our credentials, visit raveis.com today.
Our Executive Mortgage Banker:
Our Insurance Division:
$2,250,000
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 Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
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| Loan Amount | $1,800,000 | $1,800,000 | $1,800,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 6.000% | 6.250% | 6.000% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.362% | 6.385% | 6.223% |
| Monthly Tax Payment | $2,428 | $2,428 | $2,428 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $10,792 | $11,083 | $15,189 |
| Total Monthly Payment | $13,345 | $13,636 | $17,742 |
* 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.