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Great opportunity to own an affordable home located in the highly sought-after Tarpon Shores 55+ community. The $40, 000 land share price is included in the list price and may be financed through the HOA. This 2-bedroom, 1-bath home is being sold As-Is and offers plenty of potential to update and make it your own. Major improvements include a new TPO Roof-Over (2023) and the seller believes the water heater was replaced in 2017. The central HVAC system (2009) is currently not operational. The spacious living room features newer laminate flooring, and the large Florida room provides additional living space to relax or entertain. The kitchen includes all appliances. The washer and dryer are conveniently located in the storage shed and are in working condition. The primary bedroom offers built-in closets, while the bathroom features a walk-in shower with no tub and a single vanity with a tile countertop. There is plywood subflooring throughout most of the home except for the bathroom, offering a solid foundation for future flooring updates. It does need a new vapor Barrier. Most furnishings will convey with the sale, with the exception of a portable air conditioner and some of the sellers personal items. Whether you're looking for a winter retreat, investment opportunity, or affordable year-round home, this property is ready for your personal touch. *The list price includes the manufactured home and the $40, 000 co-op ownership share (land interest). The share is part of the purchase price and is not an additional cost. *TARPON SHORES is known for its friendly atmosphere, organized activities, and resort-style amenities including a large clubhouse, Large heated pool, pickle ball, bocce ball, shuffleboard, billiards, BBQ area, library, and monthly newsletters. **The low monthly fee of $326 covers lawn care, lawn spraying, water, sewer, trash, cable TV, community info channel, and internet. ** With low taxes and a fantastic location, you will enjoy the World-Famous Tarpon Springs Sponge Docks, beaches, parks, dining, shopping, boating, golf, and more, this beautifully updated home offers an easy, low-maintenance Florida lifestyle in a welcoming resident-owned community.
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Our Executive Mortgage Banker:
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$65,000
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 | $52,000 | $52,000 | $52,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.990% | 6.490% | 5.750% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.370% | 6.615% | 5.952% |
| Monthly Tax Payment | $29 | $29 | $29 |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $311 | $328 | $432 |
| Total Monthly Payment | $415 | $432 | $536 |
* 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.