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Presented by
Philippa Feigen Malkin |
Positioned within the established community of St. Augustine Shores, this vacant commercial parcel presents a unique opportunity for both investors and business owners alike. Currently zoned PUD and designated for business use, the property offers the ideal location for a small business, church, or office space. With the potential to apply for a Major Modification to allow for residential use instead, this parcel opens the door to a variety of future possibilities. Located in one of St. Augustine's most well-known communities, the Shores is highly valued for its blend of convenience and lifestyle. Residents enjoy access to a wide range of amenities including a golf course, community pool and clubhouse, a fishing pier along the Intracoastal Waterway, waterfront parks, playgrounds, frisbee golf, and miles of paved walking and biking trails. Boat and RV storage is also available, adding to the ease of coastal living. Buyer to perform due diligence and verify intended property use. The location offers a quiet, established setting while still being just minutes from shopping, dining, healthcare, and top-rated schools. You're also a short drive from the beaches and the charm of historic downtown St. Augustine. Buyer to complete all due diligence regarding property boundaries, zoning, utilities, permitting, and intended use. No survey on file. Whether you're looking to develop, invest, or explore the potential for a future homesite, this is a rare opportunity to secure land in a highly desirable and amenity-rich community.
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Our Executive Mortgage Banker:
Our Insurance Division:
$490,000
Sales Associate
William Raveis Real Estate
Phone: 203.770.1060
Philippa.F.Malkin@raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 413.626.5626
Michele.Welch@raveis.com
NMLS Mortgage Loan Originator ID 293220
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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 | $392,000 | $392,000 | $392,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 6.250% | 6.500% | 5.750% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.375% | 6.638% | 5.972% |
| Monthly Tax Payment | $404 | $404 | $404 |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $2,414 | $2,478 | $3,255 |
| Total Monthly Payment | $2,893 | $2,957 | $3,734 |
* 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. The Total Monthly Payment does not include the estimated HOA/Common Charge payment.