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Bring your architect, designer, and vision to this South Miami renovation canvas. Commanding a prime, oversized corner lot, this solid 1966 concrete block home is offered for the first time in its history. Custom-built by the seller and exclusively lived in by a single family, its rare, single-owner pedigree guarantees an uncompromised structural baseline. The property is a true mid-century time capsule preserved in its original condition. Vintage design purists will appreciate the untouched character pieces, including the retro kitchen and classic pink & blue bathrooms with double sinks. The floor plan features a 2-car garage and is flooded with natural light, offering an ideal footprint to configure a modern open-concept flow. To understand the immense potential here, one must look at the surrounding neighborhood dynamics, where luxury homes in SoMi have recently sold for >$6. 5M. Even though those properties represent brand-new construction and this is a classic 1966 footprint, there is undeniable value built into this estate. Purchasing a home with this level of structural integrity allows a buyer to bypass the heavy lifting of starting from scratch while capturing the same prestigious neighborhood prestige. Perfectly situated, you are minutes away from top schools, parks & major corridors. Whether your goal is a custom remodel or a high-yield design flip, a corner lot of this magnitude with single-owner frame presents a great foundation. Strictly sold AS-IS, PRICE FIRM.
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:
$1,399,000
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 | $1,119,200 | $1,119,200 | $1,119,200 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.875% | 6.125% | 6.000% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.312% | 6.235% | 6.183% |
| Monthly Tax Payment | $533 | $533 | $533 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $6,620 | $6,800 | $9,444 |
| Total Monthly Payment | $7,278 | $7,458 | $10,102 |
* 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.