Property was flooded. Initial remediation started, house empty with kitchen and baths and lower drywall removed. City of St Pete Beach issued Non-Substantial Damage Letter stating "Damage estimated at 34.8% of the structure's value". Recent appraisal gave value of "Actual Cash value of $375,000. It appears renovation is possible if Permits and costs do not exceed FEMA's 50% Rule. Broker and Agents make no representation and to what can be done. Consult with the City of St Pete Beach and your contractors for costs and possibllity to renovate.
Type:
Single-family residential
Laundry Remarks:
In Garage
Subdivision:
THREE PALMS POINT
Utilities
Cable Available, Electricity Connected, Natural Gas Connected, Sewer Connected, Sprinkler Recycled, Water Connected
Lot Description:
Flood Insurance Required, FloodZone, City Lot, Level
6437 1ST PALM POINT, St Pete Beach, FL, 33706
The rates and annual percentage rate (APR) displayed are based upon the following assumptions: a 20% down payment (e.g. $20,000 down on a $100,000 purchase price), conforming loan amount, $1,950 in finance charges, 30 days prepaid interest, 1 point, 30 day rate lock. The rates and annual percentage rate (APR) will vary depending upon the actual down payment percentages, points and fees for your transaction. Rates and the margin for adjustable rate mortgages [if applicable] are subject to change without prior notice and may vary with your unique credit history, and terms of your loan. The rates displayed vary by property state, may change or not be available at commitment or closing or may be subject to product restrictions.
The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first five years (for a 5/6 ARM) or seven years (for a 7/6 ARM) 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.
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