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Built in 1910 and sitting high and dry on nearly one-half acre, this remarkable homesite in the coveted Flagler Model Land neighborhood presents a truly distinctive opportunity in St. Augustine. Towering live oaks and a beloved Love Tree create a setting that's difficult to replicate, while prestigious Saragossa Street places you just blocks from downtown's renowned restaurants, galleries, boutiques, marinas, and year-round festivals. Here, generations have enjoyed the charm and character of one of St. Augustine's most enduring neighborhoods, and the next owner will have the opportunity to create new memories in a setting unlike any other. The existing 2, 590-square-foot residence is in need of a complete renovation and offers the flexibility for a buyer to pursue a thoughtful restoration or explore the potential for new construction. With an expansive homesite surrounded by mature trees and located in one of the city's most sought-after areas, the possibilities are truly exceptional. The property benefits from zoning that allows one short-term rental per week, adding flexibility for future owners. Whether restoring a piece of St. Augustine's past or creating something entirely new, this is a rare opportunity to become part of the continuing story of one of the city's most cherished streets.
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.
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Our Executive Mortgage Banker:
Our Insurance Division:
$900,000
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 | $720,000 | $720,000 | $720,000 |
| 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 | 6.338% | 6.361% | 6.183% |
| Monthly Tax Payment | $624 | $624 | $624 |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $4,317 | $4,433 | $6,076 |
| Total Monthly Payment | $5,033 | $5,149 | $6,792 |
* 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.